HC Deb 23 February 1994 vol 238 cc231-2W
Mr. Gordon Prentice

To ask the President of the Board of Trade what percentage of domestic manufacturing industry was owned by foreign companies, in each year since 1979.

Mr. Sainsbury

The percentages of United Kingdom manufacturing industry owned by overseas companies are given in the table. It shows the percentages of industry accounted for by overseas registered companies and by United Kingdom subsidiaries of overseas registered companies. Such subsidiaries are defined as companies where the composition of the board of directors is controlled by an overseas registered company or where an overseas company holds more than 50 per cent. of the equity share capital.

Gross value added at factor cost Total sales and work done Employment
1979 21.4 22.8 15.1
1980 1 1 1
1981 18.3 19.4 14.9
1982 1 1 1
1983 18.6 20.4 14.5
1984 20.2 21.3 14.8
1985 18.7 20.3 14.0
1986 17.3 19.4 13.0
1987 18.8 21.0 13.4
1988 18.2 20.7 13.1
1989 21.1 24.1 14.9
1990 21.8 25.2 16.1
1991 21.7 25.5 17.2
1 Prior to 1984 these data were collected biennially: consequently, information for 1980 and 1982 is not available.

Sources: Derived from table 18—table 19 in 1979—of the annual summary volumes of the report on the census of production—Central Statistical Office—"Business Monitor" PA 1002.