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Volume 951: debated on Friday 9 June 1978

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asked the Chancellor of the Exchequer what proportion of shares in companies employing more than 2,000 workers his Department estimates is owned by (a) pension funds, (b) other insurance groups, (c) unit trusts, (d) investment trust companies, and (e) other institutions.

I have been asked to reply.The only data available are for 31st December 1975 for listed ordinary shares in United Kingdom companies irrespective of their numbers of employees and are contained in an article "Ownership of company shares: a new survey" published in

Economic Trends, No. 287, September 1977 (page 96). A copy is in the Library.