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Wages

Volume 893: debated on Monday 16 June 1975

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asked the Chancellor of the Exchequer if he will express wages as a percentage of gross national product for each of the last 10 years.

Total wages and salaries as a percentage of gross national product at factor cost in each year since 1965 are given in the following table:

Wages and salaries(1) as a percentage of GNP
196560·3
196661·0
196760·3
196859·8
196960·4
197061·3
197160·9
197260·3
197359·6
197462·1
(1) Excluding Forces' pay.