The text on this page has been created from Hansard archive content, it may contain typographical errors.
Mr. Carr
To ask the Chancellor of the Exchequer how many self-employed people had incomes (a) below £3,000, (b) between £3,000 and £5,900, (c) between £5,900 and £15,000, (d) between £15,000 and £20,000, (e) between £20,000 and £25,000, (f) between £25,000 and £33,000,
| Shareholdings1 in privatised and former Government-controlled companies | ||||||
| Size of share register | ||||||
| Company | Date of privatisation | Initial | Highest since privatisation | Current | Proportion of shares retained by HMG Per cent. | Proportion and dates of subsequent disposals |
| British Petroleum | 2December 1977 | n.a. | 621,159 (December 1988) | 569,183 (31 December 1990) | 51 | 35·17 per cent./November 1979: 7·12 per cent./September 1983: 31·5 per cent./September 1987:0·09 per cent/October 1990 on 1 January 1991 HMG held about 1·88 per cent. |
| British Aerospace | February 1981 | 27,179 | 120,200 (December 1986) | 91,700 (31December 1990) | 48·43 | 48·43 per cent./10 May 1985 |
| Cable and Wireless | October 1981 | 27,320 | 210,994 (31 March 1986) | 166,179 (31 March 1990) | 50·64 | 27·54 per cent./November 1983: 23·1 per./December 1985 |
| Amersham International | February 1982 | 10,051 | 8,601 (June 1982) | 5,904 (31 May 1991) | nil | |
| NFC | February 1982 | 10,300 | 42,000 (October 1988) | 60,000 (February 1992) | nil | |
| Britoil | November 1982 | 37,257 | 245,556 (31 December 1985) | owned by BP | 49 | 49 per cent./8 August 1985 |
| Associated British Ports | February 1983 | 37,205 | 12,321 (July 1989) | 12,000 (31 December 1989) | 48·5 | 48·5 per cent./17 April 1984 |
| Enterprise Oil | June 1984 | 13,695 | 14,166 (June 1985) | 10,811 (31 December 1990) | nil | |
(g) between £33,000 and £40,000, (h) between £40,000 and £50,000 and (i) above £50,000 in 1990–91 and 1991–92.
Mr. Maude
Estimates, based on projections of information from 1989–90 are as follows:
| Estimated numbers of taxpaying individuals with main source of income from self-employment | ||
| Annual gross income1 | Number in 1990–91 | Number 1991–92 |
| (£) | (000s) | (000s) |
| 1- 3000 | 0 | 0 |
| 3,000- 5,900 | 340 | 280 |
| 5900-15000 | 1,500 | 1,490 |
| 15,000-20,000 | 350 | 410 |
| 20,000-25,000 | 180 | 200 |
| 25,000-33,000 | 150 | 180 |
| 33,000-40,000 | 70 | 80 |
| 40,000-50,000 | 60 | 70 |
| Over 50,000 | 120 | 140 |
| Total2 | 2,800 | 2,800 |
| 1 Income from all sources | ||
| 2 To the nearest 100,000 | ||