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Profit Rates

Volume 897: debated on Thursday 7 August 1975

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asked the Chancellor of the Exchequer what evidence he has from internatoinal sources available to him, of the profit rates of manufacturing industry in the United Kingdom, France, Germany, Italy, Sweden, the USA and Japan during each year since 1950.

I regret that this information is not available in the international sources on a comparable basis. However, as regards the United Kingdom, a discussion of the various measures of company profitability appeared in the article "Estimating companies' rate of return on capital employed" in the November 1974 issue of Economic Trends. Certain measures of the rates of return are available for large quoted companies in manufacturing industry taken separately, and these are shown in an appendix to the article.