§ Mr. MilburnTo ask the Chancellor of the Exchequer, pursuant to his answer of 9 June,Official Report, column 258, what was the total turnover, profits and corporation tax liability of the largest 100 United Kingdom companies in each year since 1987 measured in (a) current prices and (b) 1987 prices.
§ Mr. Dorrell[holding answer 22 June 1993]: Latest readily available figures covering five years for turnover, profit before tax, and corporation tax liability of the 100 largest United Kingdom companies and company groups, based on turnover in their latest accounts, are as follows:
At current prices £ billion Turnover Profit before tax1 Corporation tax liability2 1987 3— 3— 5.2 1988 360 34 5.2 1989 420 41 6.2 1990 490 36 5.8 1991 500 32 5.4 1992 510 30 4—
At constant 1987 prices £ billion Turnover Profit before tax1 Corporation tax liability2 1987 3— 3— 5.2 1988 340 33 4.9 1989 370 37 5.5 1990 390 29 4.7 1991 380 25 4.1 1992 370 22 4— 1 Worldwide activity reported in published accounts. 2 After relief for foreign tax. 3 Not readily available. 4 Not yet available.