The Rt. Hon. Sir John Major KG CH

Category: Chief Secretary (1987-1989)

  • Mr Major’s Written Parliamentary Answer on Net Overseas Assets – 8 June 1989

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

    Mr. Yeo To ask the Chancellor of the Exchequer what are the latest figures for the identified stock of United Kingdom net overseas assets; and what these represent as a share of gross domestic product.

    Mr. Major An estimate of the value of the stock of United Kingdom net overseas assets identified at end-1988 will be included in the Pink Book in August. The latest estimate is of the order of £115 billion to £120 billion, which represents about one quarter of money GDP.

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

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

    Mr. Curry To ask the Chancellor of the Exchequer what are the latest figures for the identified stock of United Kingdom net overseas assets; and what these represent as a share of gross domestic product.

    Mr. Major An estimate of the value of the stock of United Kingdom overseas assets identified at end-1988 will be included in the Pink Book in August. The latest estimate is of the order of £115 billion to £120 billion, which represents about one quarter of money GDP.

  • 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.