The Rt. Hon. Sir John Major KG CH

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  • Mr Major’s Written Parliamentary Answer on Output Statistics – 8 June 1989

    Below is the text of Mr Major’s written Parliamentary Answer on Output Statistics on 8th June 1989.

    Mr. Janman To ask the Chancellor of the Exchequer what are his latest figures for output per hour worked in the United Kingdom.

    Mr. Major The April 1989 edition of the “Economic Progress Report” presented estimates by a leading academic which show that output per hour worked in the United Kingdom economy as a whole in 1986 was about 50 per cent. higher than in Japan and only 5 per cent. lower than Germany.

  • Mr Major’s Written Parliamentary Answer on Balance of Trade – 8 June 1989

    Below is the text of Mr Major’s written Parliamentary Answer on Balance of Trade on 8th June 1989.

    Ms. Walley To ask the Chancellor of the Exchequer what is his latest forecast of the balance of trade in visible goods in 1989.

    Mr. Major I refer the hon. Member to the reply I gave to the hon. Member for Stretford (Mr. Lloyd) on 6 June.

    Mr. Teddy Taylor To ask the Chancellor of the Exchequer what importance he attaches to the balance of trade (a) with the rest of the EEC and (b) with the rest of the world; and what account he takes of the EEC deficit when framing his economic policies.

    Mr. Major The overall current account is one indicator among many that are assessed within the framework of the Government’s financial strategy. Movements in trade balances with individual economies or groups of economies will reflect, among other developments, changes in the United Kingdom’s commercial and trading arrangements with them.

  • Mr Major’s Written Parliamentary Answer on the Gross Domestic Product – 8 June 1989

    Below is the text of Mr Major’s written Parliamentary Answer on the Gross Domestic Product on 8th June 1989.

    Mr. Hanley To ask the Chancellor of the Exchequer what was the growth of gross domestic product in 1987 and 1988.

    Mr. Andy Stewart To ask the Chancellor of the Exchequer what was the growth of gross domestic product in 1987 and 1988.

    Mr. Major Gross domestic product is estimated to have grown by 4.5 per cent. in both 1987 and 1988.

  • Mr Major’s Written Parliamentary Answer on Poverty – 8 June 1989

    Below is the text of Mr Major’s written Parliamentary Answer on Poverty on 8th June 1989.

    Mr. Henderson To ask the Chancellor of the Exchequer when he last met representatives of the Low Pay Unit to discuss the numbers of people in poverty.

    Ms. Mowlam To ask the Chancellor of the Exchequer when he last met representatives of the Low Pay Unit to discuss the numbers of people in poverty.

    Ms. Quin To ask the Chancellor of the Exchequer when he last met representatives of the Low Pay Unit to discuss the numbers of people in poverty.

    Mr. Major My right hon. Friend has not met representatives of the Low Pay Unit recently.

  • Mr Major’s Written Parliamentary Answer on Business Investment – 8 June 1989

    Below is the text of Mr Major’s written Parliamentary Answer on Business Investment on 8th June 1989.

    Mr. Quentin Davies To ask the Chancellor of the Exchequer what was the share of gross domestic product represented by business investment in 1988.

    Mr. Michael Brown To ask the Chancellor of the Exchequer what was the share of gross domestic product represented by business investment in 1988.

    Mr. Major Business investment as a share of GDP was 14.6 per cent. in 1988, the highest level recorded.

  • Mr Major’s Written Parliamentary Answer on Balance of Trade (Manufactures) – 8 June 1989

    Below is the text of Mr Major’s written Parliamentary Answer on Balance of Trade (Manufactures) on 8th June 1989.

    Mr. Fatchett To ask the Chancellor of the Exchequer what is his latest forecast of the balance of trade in manufactures in 1989.

    Mr. Barron To ask the Chancellor of the Exchequer what is his latest forecast of the balance of trade in manufactures in 1989.

    Mr. Vaz To ask the Chancellor of the Exchequer what is his latest forecast of the balance of trade in manufactures in 1989.

    Mr. Allen McKay To ask the Chancellor of the Exchequer what is his latest forecast of the balance of trade in manufactures in 1989.

    Mr. Major The Financial Statement and Budget Report for 1989–90 shows a forecast deficit for trade in manufactures in 1989 of £15.5 billion.

  • Mr Major’s Written Parliamentary Answer on the Balanced Budget – 8 June 1989

    Below is the text of Mr Major’s written Parliamentary Answer on the Balanced Budget on 8th June 1989.

    Mr. Patnick To ask the Chancellor of the Exchequer when, on present trends, a balanced Budget will be achieved; and when was the last occasion a balanced Budget was achieved.

    Mr. Major The Government intend to move gradually from the present surplus towards a balanced budget over the medium term. The PSBR has been in surplus in each of the last two years, something achieved in only one previous year since the beginning of the 1950s. In all other years, the PSBR has been in deficit.

  • Mr Major’s Written Parliamentary Answer on the Public Expenditure Survey – 8 June 1989

    Below is the text of Mr Major’s written Parliamentary Answer on the Public Expenditure Survey on 8th June 1989.

    Mr. Worthington To ask the Chancellor of the Exchequer what are his priorities in the forthcoming public expenditure survey.

    Dr. Moonie To ask the Chancellor of the Exchequer what are his priorities in the forthcoming public expenditure survey.

    Dr. Reid To ask the Chancellor of the Exchequer what are his priorities in the forthcoming public expenditure survey.

    Mr. Major The public expenditure survey will be carried out within the framework of the Government’s objective for public expenditure. This is to maintain a downward trend over the medium term in the ratio of general Government expenditure to GDP.

  • Mr Major’s Written Parliamentary Answer on North Sea Oil – 8 June 1989

    Below is the text of Mr Major’s written Parliamentary Answer on North Sea Oil on 8th June 1989.

    Mr. Flannery To ask the Chancellor of the Exchequer what is the total amount of money received by the Exchequer from North sea oil since May 1979.

    Mr. Major Total tax revenues and royalties to United Kingdom oil and gas production over the fiscal years 1979–80 to 1988–89 are estimated at £65.2 billion. Receipts from the gas levy over the same period amounted to a further £3.8 billion. Further details are contained in the report by the Secretary of State for Energy to Parliament of April 1989 (the Brown Book).

  • Mr Major’s Written Parliamentary Answer on Government Expenditure – 8 June 1989

    Below is the text of Mr Major’s written Parliamentary Answer on Government Expenditure on 8th June 1989.

    Mr. David Evans To ask the Chancellor of the Exchequer what was the amount of central Government expenditure in 1988–89 expressed as a percentage of money gross domestic product; and what were the comparable figures for the previous five years.

    Mr. Major The latest available information on the percentage of money GDP at market prices accounted for by central Government expenditure is given in the table. The central Government figures on which the percentages are based exclude privatisation proceeds and grants to local authorities but include debt interest payments.

    Year | Per cent.
    1983–84 34.00
    1984–85 34.50
    1985–86 33.50
    1986–87 33.00
    1987–88 31.25

    (1) 1988–89 2900
    (1) April-December only.

    Mr. David Davis To ask the Chancellor of the Exchequer what has been the fall in general Government expenditure as a share of gross domestic product since 1982–83.

    Mr. Jacques Arnold To ask the Chancellor of the Exchequer what has been the fall in general Government expenditure as a share of gross domestic product since 1982–83.

    Mr. Redwood To ask the Chancellor of the Exchequer what has been the fall in general Government expenditure as a share of gross domestic product since 1982–83.

    Mr. Major The 1989 Financial Statement and Budget Report gave a figure of 39.5 per cent. for the ratio of general Government expenditure (excluding privatisation proceeds) to gross domestic product in 1988–89. The corresponding figure for 1982–83 was 46.25 per cent.