The Rt. Hon. Sir John Major KG CH

Tag: 1987

  • Mr Major’s Written Parliamentary Answer on Industrial Production – 26 November 1987

    Below is the text of Mr Major’s written Parliamentary Answer on Industrial Production on 26th November 1987.

    Mr. David Nicholson To ask the Chancellor of the Exchequer what is the current level of industrial production in the United Kingdom; and how this compares with 1983.

    Mr. Wood To ask the Chancellor of the Exchequer what is the current level of industrial production in the United Kingdom; and how this compares with 1983.

    Mr. Sackville To ask the Chancellor of the Exchequer what is the current level of industrial production in the United Kingdom; and what was the comparable figure in 1983.

    Mr. Major In the third quarter of 1987, the index of output of the production industries was 114.3, more than 12 per cent, above its average level in 1983.

  • Mr Major’s Written Parliamentary Answer on Overseas Assets – 26 November 1987

    Below is the text of Mr Major’s written Parliamentary Answer on Overseas Assets on 26th November 1987.

    Mr. Forth To ask the Chancellor of the Exchequer what is his latest estimate of net United Kingdom assets overseas; and how this compares with the position in other major countries.

    Mr. John Greenway To ask the Chancellor of the Exchequer what is his latest estimate of net United Kingdom assets overseas; and how this compares with the position in other major countries.

    Mr. Major I refer my hon. Friends to the answer given earlier today to my hon. Friend, the Member for Fulham (Mr. Carrington).

  • Mr Major’s Written Parliamentary Answer on the Gross Domestic Product – 26 November 1987

    Below is the text of Mr Major’s written Parliamentary Answer on the Gross Domestic Product on 26th November 1987.

    Mr. Michael Morris To ask the Chancellor of the Exchequer what is his latest estimate for the growth of gross domestic product in the United Kingdom in the light of recent international developments.

    Mr. Quentin Davies To ask the Chancellor of the Exchequer what is his latest estimate for the growth of gross domestic product in the United Kingdom in the light of recent international developments.

    Mr. Redwood To ask the Chancellor of the Exchequer what is his latest estimate for the growth of gross domestic product in the United Kingdom in the light of recent international developments.

    Mr. Major The Autumn Statement, which was published after the stock market fall, forecast growth in 1988 of 2.5 per cent, in the United Kingdom economy as a whole and 3 per cent, in the non-oil economy.

  • Mr Major’s Written Parliamentary Answer on Personal Credit – 26 November 1987

    Below is the text of Mr Major’s written Parliamentary Answer on Personal Credit on 26th November 1987.

    Mr. Malcolm Bruce To ask the Chancellor of the Exchequer if he will make a statement on the growth in personal credit over the past year.

    Mr. Major There is no evidence that consumer credit has been accelerating recently. Much of the increase in personal debt takes the form of lending for house purchase or home improvement.

  • Mr Major’s Written Parliamentary Answer on Job Creation – 26 November 1987

    Below is the text of Mr Major’s written Parliamentary Answer on Job Creation on 26th November 1987.

    Mr. Andy Stewart To ask the Chancellor of the Exchequer what assessment he makes of the extent to which Government economic policy has contributed to the fall in adult unemployment over the last 12 months.

    Miss Emma Nicholson To ask the Chancellor of the Exchequer what assessment he has made of the extent to which Government economic policy has contributed to the fall in adult unemployment over the last 12 months.

    Mr. Andrew MacKay To ask the Chancellor of the Exchequer what assessment he makes of the extent to which Government economic policy has contributed to the fall in adult unemployment over the last 12 months.

    Mr. Hanley To ask the Chancellor of the Exchequer what assessment he makes of the extent to which Government economic policy has contributed to the fall in adult unemployment over the last 12 months.

    Mrs. Hicks To ask the Chancellor of the Exchequer what assessment he makes of the extent to which Government economic policy has contributed to the fall in adult unemployment over the last 12 months.

    Mr. Major The Government’s policies have created a stable financial framework, and encouraged greater effort and enterprise. As a result, the United Kingdom is growing faster than any other major economy, and firms are taking on new workers at an accelerating rate. This has contributed to a fall in adult unemployment of almost 450,000 since October 1986, the largest 12-monthly fall on record.

  • Mr Major’s Written Parliamentary Answer on Manufacturing Industry – 26 November 1987

    Below is the text of Mr Major’s written Parliamentary Answer on Manufacturing Industry on 26th November 1987.

    Mr. Fisher To ask the Chancellor of the Exchequer what was the balance of trade in manufactured goods for the United Kingdom in 1979; and what is the anticipated figure for 1988.

    Mr. Major Since 1979 the volume of the United Kingdom’s manufactured exports have grown by 27 per cent. In 1988 the deficit in manufactured trade is likely to show a £9 billion deficit, largely because of the rapid growth in the United Kingdom economy compared to that of its competitors. In 1979 exports of manufactures were £31 billion and there was a surplus of £2.7 billion on manufactured trade.

    Mr. Gerald Howarth To ask the Chancellor of the Exchequer what has been the growth of United Kingdom manufacturing productivity since 1980.

    Mr. Brandon-Bravo To ask the Chancellor of the Exchequer what has been the growth of United Kingdom manufacturing productivity since 1980.

    Mr. Major Manufacturing output per head grew at an average annual rate of 5.25 per cent, between 1980 and the third quarter of 1987.

    Mr. Bright To ask the Chancellor of the Exchequer what are the latest figures for the net real rate of return in British manufacturing.

    Mr. Major I refer my hon. Friend to the answer given earlier today to my hon. Friend the Member for Langbaurgh (Mr. Holt).

  • Mr Major’s Written Parliamentary Answer on Economic Prospects – 26 November 1987

    Below is the text of Mr Major’s written Parliamentary Answer on Economic Prospects on 26th November 1987.

    Mr. Turner To ask the Chancellor of the Exchequer when he next expects to meet the Confederation of British Industry to discuss economic prospects for the United Kingdom.

    Mr. Major I refer the hon. Member to the answer my right hon. Friend the Chancellor of the Exchequer gave earlier today to my hon. Friend the Member for Stafford (Mr. Cash).

  • Mr Major’s Written Parliamentary Answer on Company Registrations – 26 November 1987

    Below is the text of Mr Major’s written Parliamentary Answer on Company Registrations on 26th November 1987.

    Mr. Rowe To ask the Chancellor of the Exchequer what are the latest figures for the rate of new company registrations; and at what rate these have grown since 1979.

    Mr. Marland To ask the Chancellor of the Exchequer what are the latest figures for the rate of new company registrations; and at what rate these have grown since 1979.

    Dr. Twinn To ask the Chancellor of the Exchequer what are the latest figures for the rate of new company registrations; and at what rate these have grown since 1979.

    Mr. Major I refer my hon. Friends to the answer my hon. Friend the Paymaster General gave earlier today to my hon. Friend the Member for Pembroke (Mr. Bennett).

  • Mr Major’s Written Parliamentary Answer on Overseas Assets – 25 November 1987

    Below is the text of Mr Major’s written Parliamentary Answer on Overseas Assets on 25th November 1987.

    Mr. David Martin To ask the Chancellor of the Exchequer what is the current level of United Kingdom holdings of overseas assets; what contribution the income from these assets makes to the balance of payments; and what are the comparable figures relating to the United Kingdom’s overseas competitors’ holdings of foreign assets.

    Mr. Major The level of United Kingdom net overseas assets at the end of 1986 was £114 billion – second only to Japan. The annual net income from these assets was £4.5 billion.

  • Mr Major’s Written Parliamentary Answer on Job Creation – 24 November 1987

    Below is the text of Mr Major’s written Parliamentary Answer on Job Creation on 24th November 1987.

    Mr. Pike To ask the Chancellor of the Exchequer what is his best estimate of the number of full-time equivalent jobs created as a result of the cuts in income tax in his last Budget.

    Mr. Major It has not been the practice of this or previous Governments to publish quantitative estimates of the effects of the Budget on employment.