asked the Chancellor of the Exchequer (1) if he will publish in the Official Report a table showing for each year since 1945 in terms of 1977 prices (a) the net profits of companies and financial institutions operating in the United Kingdom, (b) the net profits of companies operating in the United Kingdom as a percentage of the gross domestic product at factor cost, (c) the net profits of companies and financial institutions operating in the United Kingdom as a percentage of the gross domestic product at market prices and (d) the net profits of companies and financial institutions operating in the United Kingdom as a percentage of the gross national product ;(2) if he will publish in the
Official Report a table showing for each year since 1945 ( a) the net profits of companies and financial institutions operating in the United Kingdom, ( b) the net profits of companies and financial institutions operating in the United Kingdom as a percentage of the gross domestic product at factor cost, ( c) the net profits of companies and financial institutions operating in the United Kingdom as a percentage of the gross domestic product at market prices and ( d) the net profits of companies and financial institutions operating in the United Kingdom as a percentage of the gross national product.
The available information is given in the following table. There is no specific price index for converting figures of company profits to a constant price basis ; but in order to give a broad indication of movements in profits in real terms the current price estimates have been converted to constant 1977 prices using the deflator underlying the Central Statistical Office's estimates of year-to-year changes in the internal purchasing power of the pound. As there is no unique deflator, the percentage shares which the profits of companies and financial institutions represent in the gross domestic product and gross national product have been calculated in terms of
TRADING PROFITS COMPANIES AND FINANCIAL INSTITUTIONS | |||||
Gross trading profits, net of stock application (£ million) | |||||
a) as percentage of: | |||||
Gross domestic product | |||||
At current prices | At 1977 prices | At factor cost* | At market prices* | Gross national product cost* | |
(a) | (b) | (c) | (d) | (e) | |
1949 | 1,673 | 8,805 | 15·2 | 13·4 | 14·9 |
1950 | 1,686 | 8,602 | 14·8 | 13·0 | 14·3 |
1951 | 2,018 | 9,474 | 16·0 | 14·0 | 15·5 |
1952 | 2,204 | 9,752 | 16·0 | 14·1 | 15·7 |
1953 | 2,357 | 10,248 | 16·1 | 14·2 | 15·8 |
1954 | 2,523 | 10,782 | 16·2 | 14·1 | 15·9 |
1955 | 2,767 | 11,434 | 16·4 | 14·5 | 16·3 |
1956 | 2,769 | 10,945 | 15·3 | 13·5 | 15·1 |
1957 | 2,934 | 11,241 | 15·4 | 13·6 | 15·2 |
1958 | 3,001 | 11,198 | 15·1 | 13·4 | 14·9 |
1959 | 3,240 | 12,000 | 15·5 | 13·7 | 15·3 |
1960 | 3,653 | 13,381 | 16·1 | 14·3 | 15·9 |
1961 | 3,518 | 12,564 | 14·6 | 13·0 | 14·5 |
1962 | 3,485 | 11,976 | 13·9 | 12·3 | 13·7 |
1963 | 3,968 | 13,360 | 14·8 | 13·1 | 14·6 |
1964 | 4,309 | 14,036 | 14·9 | 13·1 | 14·7 |
1965 | 4,505 | 14,034 | 14·4 | 12·6 | 14·2 |
1966 | 4,295 | 12,859 | 13·0 | 11·4 | 12·9 |
1967 | 4,476 | 13,088 | 13·0 | 11·3 | 12·8 |
1968 | 4,784 | 13,363 | 12·9 | 11·1 | 12·8 |
1969 | 5,077 | 13,467 | 12·9 | 10·8 | 12·6 |
1970 | 5,092 | 12,667 | 11·6 | 9·9 | 11·5 |
1971 | 5,807 | 13,198 | 11·9 | 10·2 | 11·8 |
1972 | 6,433 | 13,658 | 11·6 | 10·1 | 11·5 |
1973 | 6,605 | 12,850 | 10·4 | 9·2 | 10·2 |
1974 | 4,718 | 7,916 | 6·5 | 5·8 | 6·4 |
1975 | 5,523 | 7,453 | 6·0 | 5·4 | 6·0 |
1976 | 7,408 | 8,584 | 6·8 | 6·1 | 6·8 |
1977 | 10,767 | 10,767 | 8·8 | 7·7 | 8·8 |
* Based on income data. | |||||
Source: Derived from National Income and Expenditure 1967–77 and latest estimates. |