§ Mr. LilleyTo ask the Chancellor of the Exchequer what information he has collated on the pre-tax rate of return on capital employed for the UK(a) banking, (b) pharmaceutical and (c) telecommunications industry in each year since 1990. [64962]
§ Ruth KellyThe information requested falls within the responsibility of the National Statistician. I have asked him to reply.
Letter from John Pullinger to Mr. Peter Lilley:
The National Statistician has been asked to reply to your recent question concerning what information has been collected on the pre-tax rate of return on capital employed for the UK (a) banking. (b) pharmaceutical and (c) telecommunications industry in each year since 1990. I am replying in his absence. (64962)The Office for National Statistics (ONS) publish data on the rates of return for Private Non-Financial Companies in the "Profitability of UK Companies" Press Notice (which is available to download free from the www.statistics.gov.uk website). The most detailed breakdown available in this release covers total Manufacturing and total Service Sector rates of return. No further disaggregation into Pharmaceutical or Telecommunications Industries is available. The ONS does not have any information on the rates of return for Financial Companies (including Banks).