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Profits

Volume 127: debated on Friday 12 February 1988

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To ask the Chancellor of the Exchequer what has been the level of profits in each major sector of the economy in each year since 1979, at both current prices and constant 1987–88 prices; and what has been the percentage increase in each case for each year since 1979, both in money and real terms.

[holding answer 11 February 1988]: The information is given in the tables. Profits figures for 1987 are not yet available. Financial year 1987–88 has not yet finished; the real profit figures cannot, therefore, be expressed in 1987–88 prices. Real profits are instead shown in 1980 prices.

Table 1
Profits1(including self employment income and other trading income) by sector 1979–86
19791980198119821983198419851986
£ million current prices
Agriculture forestry and fishing3,0683,3713,7914,2054,0634,5564,0894,206
Energy and water supply10,58014,29517,75819,80923,28725,20925,37915,993
Manufacturing14,72112,73312,11814,36216,60918,63421,17524,404
Construction4,4725,0535,4576,2857,3908,5539,78910,888
Distribution hotels, catering, repairs9,2338,5498,6918,71510,49912,41114,92118,019
Transport2,4522,2572,4172,6583,2143,4133,7774,718
Communication1,5041,5231,9672,5402,3372,7083,2263,686
Banking, finance, insurance, business services and leasing29,54610,03210,99713,19113,72815,07617,71820,463
Education and health services1,0751,3841,4811,5831,9872,2082,4992,928
Other services2,0732,2652,6412,8303,2603,6764,4115,511
Adjustment for financial services-7,323-9,353-10,609-11,728-11,636-13,793-15,734-17,404
Total gross profit58,72461,46267,31876,17886,37496,444106,984110,816
Percentage increases on a year earlier
Agriculture forestry and fishing11·59·912·510·9-3·412·1-10·32·9
Energy and water supply60·835·124·211·517·68·30·7-37·0
Manufacturing14·2-13·5-4·818·515·612·213·615·2
Construction22·013·08·015·217·615·714·511·2
Distribution hotels, catering, repairs16·7-7·41·70·320·518·220·220·8
Transport-0·5-8·07·110·020·96·210·724·9
Communication-3·51·329·229·1-8·015·919·314·3
Banking, finance, insurance, business services and leasing232·25·19·620·04·19·817·515·5
Education and health services15·128·77·06·925·511·113·217·2
Other services3·29·316·67·215·212·820·024·9
Adjustment for financial services
Total gross profit22·44·79·513·213·411·710·93·6
1 Including gross trading surpluses of public enterprises.
2 Includes adjustment for financial services.
Table 2
Profits1(including self employment income and other trading income) by sector 1979–86
19791980198119821983198419851986
£ million 1980 prices
Agriculture forestry and fishing3,6443,3713,4433,5673,2613,4892,9572,960
Energy and water supply12,56514,29516,12916,80218,68919,30218,35111,255
Manufacturing17,48312,73311,00612,18213,33014,26815,31117,174
Construction5,3115,0534,9565,3315,9316,5497,0787,662
Distribution hotels, catering, repairs10,9668,5497,8947,3928,4269,50310,78912,681
Transport2,9122,2572,1952,2542,5792,6132,7313,320
Communication1,7861,5231,7872,1541,8762,0742,3332,594
Banking, finance, insurance, business services and leasing211,33710,0329,98811,18811,01811,54412,81114,400
Education and health services1,2771,3841,3451,3431,5951,6911,8072,061
Other services2,4622,2652,3992,4002,6162,8153,1893,878
Adjustment for financial services-8,697-9,353-9,636-9,947-9,339-10,561-11,377-12,248
Total gross profit69,74361,46261,14264,61369,32173,84777,35677,985
Percentage changes on a year earlier
Agriculture forestry and fishing-1·1-7·52·13·6-8·67·0-15·20·1
Energy and water supply42·613·812·84·211·23·3-4·9-38·7
Manufacturing1·3-27·2-13·610·79·47·07·312·2
Construction8·2-4·9-1·97·611·310·48·18·3
Distribution hotels, catering, repairs3·5-22·0-7·7-6·414·012·813·517·5
Transport-11·7-22·5-2·72·714·41·34·521·6
Communication-14·4-14·717·320·5-12·910·612·511·2
Banking, finance, insurance, business services and leasing217·3-11·5-0·412·0-1·54·811·012·4
Education and health services2·18·4-2·8-0·118·86·06·914·1
Other services-8·58·05·90·09·07·613·321·6

1979

1980

1981

1982

1983

1984

1985

1986

Adjustment for financial services
Total gross profit8·6-11·9-0·55·77·36·54·80·8

1 Including gross trading surpluses of public enterprises.

2 Includes adjustment for financial services.