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60.
Mr. Ashley
asked the Chancellor of the Exchequer if, at the next meeting at which he takes the Chair at the National Economic Development Council, he will ask the council to discuss unemployment.
Mr. Maurice Macmillan
As the hon. Member knows, the council has lately been considering a wide range of econo
| Second and third quarters | Second and third quarters | Percentage increase | |
| 1964 | 1971 | ||
| (1) Gross trading profits of companies (£ million) (a) | 3,321 | 2,910(b) | 25·4 |
| (2) Index of average earnings(January, 1970 = 100) | 70·0 | 119·8 | 71·1 |
| (3) Total domestic income before providing for depreciation and stock appreciation (£ million) | 14,676 | 23,715 | |
| (4) (1) as percentage of (3) | 15·8 | 12·3 |
Notes: The estimates are not seasonally adjusted.
( a) As defined in the national accounts—before providing for depreciation and stock appreciation; estimates for 1964 include the profits of iron and steel companies subsequently nationalised.
( b) Includes the effect of recording SET on a cash basis in the national accounts which increased this figure by roughly £100 million.