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Competition

Volume 115: debated on Tuesday 28 April 1987

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asked the Secretary of State for Trade and Industry what has been the index of competitiveness each year since 1960, taking 1979 as representing 100.

The most commonly quoted measure is relative unit labour costs which is used in the following table. Data for 1960 are not available:

United Kingdom Relative Unit Labour Costs
1979 = 100
1961102·5
1962100·9
196397·9
196496·7
1965100·5
1966103·0
196798·0
196883·3
196987·0
197089·8
197192·4
197290·2
197380·2
197480·2
197586·7
197678·8
197777·8
197884·1
1979100·0
1980123·9
1981125·5
1982117·6
1983107·3
1984104·5
1985107·9
1986 Q1-Q3105·5

Note—Defined as United Kingdom unit labour costs per unit of output divided by a weighted average of competitors' unit labour costs, both series being expressed in a common currency. The series relates to manufacturing.

Source: IMF.