Mr Major’s Written Parliamentary Answer on Investment Capital (Annual Return) – 28 April 1989

Below is the text of Mr Major’s written Parliamentary Answer on Investment Capital (Annual Return) on 28th April 1989.

Mr. Nicholas Bennett To ask the Chancellor of the Exchequer if he will give the estimated annual return on investment capital for each year since 1970.

Mr. Major The information requested is as follows:

Net real rate of return (1) for non-North sea industrial and commercial companies

Year | (per cent.)
1970 8.9
1971 9.2
1972 9.5
1973 8.9
1974 5.3
1975 4.2
1976 4.3
1977 6.7
1978 7.1
1979 5.6
1980 3.8
1981 2.8
1982 4.0
1983 4.9
1984 5.6
1985 7.2
1986 8.9
1987 10.2

(1) Net operating surplus on United Kingdom operations as a percentage of net capital stock of fixed assets before investment and tax at current replacement cost.

Source: Department of Trade and Industry: published in “British Business” on 30 September 1988.