The Rt. Hon. Sir John Major KG CH

Prime Minister of Great Britain and Northern Ireland 1990-1997

Chief Secretary (1987-1989)

Mr Major’s Written Parliamentary Answer on Companies (Profitability) – 11 February 1988

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Below is the text of Mr Major’s written Parliamentary Answer on Companies (Profitability) on 11th February 1988.

Mr. Roger King To ask the Chancellor of the Exchequer if he will make a statement on the level of profitability in British companies.

Mr. Major The profitability of non-oil industrial and commercial companies has increased in each of the past six years: the best performance for a generation.