§ Mr. Stephen O'BrienTo ask the Secretary of State for Trade and Industry how many small businesses increased their profits above £15,000 in each year since 1997; and what the percentage change was in each year. [153556]
§ Dawn PrimaroloI have been asked to reply.
The following table gives the figures requested:
First year Second year Number of businesses with profits1,2 above £15,000 in second year but below £15,000 in first year Percentage moving above £15, 000 of the total below £15,000 in the first year 1997–98 1998–99 245,000 7.8 1998–99 1999–2000 260,000 8.3 1999–2000 2000–01 266,000 8.5 2000–01 2001–02 284,000 9.0 1 For Incorporated Businesses, profits chargeable to Corporation Tax. 2For Unincorporated Businesses, Taxable Profits.