Hansard

Foreign Companies

Volume 485: debated on Thursday 11 December 2008

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Mr. Meacher

To ask the Minister of State, Department for Business, Enterprise and Regulatory Reform what estimate he has made of the proportion of UK-based industry in foreign ownership in (a) 2008 and (b) 2003 in each of the 30 largest industrial sectors. (242093)

Mr. Thomas

The following information is available:

Percentage of output (gross value added (GVA)) generated by UK and foreign-owned companies: 2003-05

Percentage

Sector

Foreign owned

UK owned

Manufacturing

2003 (UK)

31

69

2004 (GB)

32

68

2005 (GB)

34

66

Services1

2003 (UK)

16

84

2004 (GB)

17

83

2005 (GB)

18

82

Other1

2003 (UK)

22

78

2004 (GB)

24

76

2005 (GB)

27

73

Total1

2003 (UK)

20

80

2004 (GB)

21

79

2005 (GB)

22

78

1 The Annual Business Inquiry does not cover all parts of the Services and Other categories.

Source:

National Statistics (derived from Annual Business Inquiry regional data, published in “Regional Competitiveness and State of the Regions, 2008” (BERR)