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 Profitability – 6 July 1989

admin

Below is the text of Mr Major’s written Parliamentary Answer on Profitability on 6th July 1989.

Mr. Tracey To ask the Chancellor of the Exchequer what was the increase in profitability for non-North sea industrial and commercial companies over the last year for which figures are available.

Mr. Mans To ask the Chancellor of the Exchequer what was the increase in profitability for non-North sea industrial and commercial companies over the last year for which figures are available.

Mr. Waller To ask the Chancellor of the Exchequer what was the increase in profitability for non-North sea industrial and commercial companies over the last year for which figures are available.

Mr. Major The net real rate of return for non-North sea industrial and commercial companies was estimated in the “Financial Statement and Budget Report” to have risen in 1988 to almost 11 per cent., its highest level for over 20 years.