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Mr. Canavan
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.
Mr. Robert Sheldon
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 | |||||
1965 | … | … | … | … | 60·3 |
1966 | … | … | … | … | 61·0 |
1967 | … | … | … | … | 60·3 |
1968 | … | … | … | … | 59·8 |
1969 | … | … | … | … | 60·4 |
1970 | … | … | … | … | 61·3 |
1971 | … | … | … | … | 60·9 |
1972 | … | … | … | … | 60·3 |
1973 | … | … | … | … | 59·6 |
1974 | … | … | … | … | 62·1 |
(1) Excluding Forces' pay. |