Tag: 1988

  • Mr Major’s Written Parliamentary Answer on Output – 12 May 1988

    Below is the text of Mr Major’s written Parliamentary Answer on Output on 12th May 1988.


    Mr. Wolfson To ask the Chancellor of the Exchequer what was the growth of output in 1987.

    Mr. Watts To ask the Chancellor of the Exchequer what was the growth of output in 1987.

    Mr. Major The output measure of gross domestic product at constant factor cost (1980 prices) for 1987 was 4.8 per cent. higher than the corresponding figure for 1986. Over the same period the average measure of GDP rose by 4.4 per cent.

  • Mr Major’s Written Parliamentary Answer on Balance of Payments – 12 May 1988

    Below is the text of Mr Major’s written Parliamentary Answer on Balance of Payments on 12th May 1988.


    Mr. Fisher To ask the Chancellor of the Exchequer what he now expects the balance of payments deficit to be for 1988–89.

    Mr. Andrew Smith To ask the Chancellor of the Exchequer what is his present forecast of the balance of payments current account deficit for 1988.

    Mr. Major I refer the hon. Members to the reply given earlier today by my right hon. Friend the Chancellor of the Exchequer to the hon. Member for Liverpool, West Derby (Mr. Wareing).

  • Mr Major’s Written Parliamentary Answer on Manufacturing Output – 12 May 1988

    Below is the text of Mr Major’s written Parliamentary Answer on Manufacturing Output on 12th May 1988.


    Mr. Hannam To ask the Chancellor of the Exchequer by how much manufacturing output has increased since the first half of 1979.

    Mr. Hind To ask the Chancellor of the Exchequer by how much manufacturing output has increased since the first half of 1979.

    Mr. Robert B. Jones To ask the Chancellor of the Exchequer by how much manufacturing output has increased since the first half of 1979.

    Mr. Major In the three months to February 1988 manufacturing output was 2.5 per cent. higher than in the first half of 1979.

  • Mr Major’s Written Parliamentary Answer on Labour Statistics – 12 May 1988

    Below is the text of Mr Major’s written Parliamentary Answer on Labour Statistics on 12th May 1988.


    Mr. Colin Shepherd To ask the Chancellor of the Exchequer by how much total employment rose in the United Kingdom in 1987.

    Mr. Brandon-Bravo To ask the Chancellor of the Exchequer by how much total employment rose in the United Kingdom in 1987.

    Mr. Major Total employment in the United Kingdom rose by half a million in 1987, the largest annual increase for 30 years.

  • Mr Major’s Written Parliamentary Answer on Balance of Payments – 12 May 1988

    Below is the text of Mr Major’s written Parliamentary Answer on Balance of Payments on 12th May 1988.


    Mr. Battle To ask the Chancellor of the Exchequer what is his latest estimate of the balance of payments deficit for 1988–89.

    Mr. Major At Budget time, my right hon. Friend the Chancellor of the Exchequer forecast a current account deficit of £4 billion for 1988 as a whole.

  • Mr Major’s Written Parliamentary Answer on Disposable Income – 12 May 1988

    Below is the text of Mr Major’s written Parliamentary Answer on Disposable Income on 12th May 1988.


    Mr. Robert B. Hughes To ask the Chancellor of the Exchequer if he will make a statement on the current level of real personal disposable income in the United Kingdom.

    Mr. Major Real personal disposable income in 1987 is estimated to have been 15 per cent. higher than in 1979. Further growth is expected this year.

  • Mr Major’s Written Parliamentary Answer on Disposable Incomes – 11 May 1988

    Below is the text of Mr Major’s written Parliamentary Answer on Disposable Incomes on 11th May 1988.


    Mr. Nicholas Bennett To ask the Chancellor of the Exchequer if he will publish in the Official Report his latest estimate of average per capita disposable incomes for each region of the United Kingdom, taking into account average mortgage repayments in each region.

    Mr. Major I refer my hon. Friend to the answer I gave him on 1 March, at column 503. No more recent information will be available until towards the end of the year.

  • Mr Major’s Written Parliamentary Answer on Industrial Competitiveness – 11 May 1988

    Below is the text of Mr Major’s written Parliamentary Answer on Industrial Competitiveness on 11th May 1988.


    Mr. Allen McKay To ask the Chancellor of the Exchequer if he has any information on the effects of top tax rates on industrial competitiveness.

    Mr. Major Maintaining tax rates in line with or below those of our main competitors is vital if Britain is to retain and motivate its most talented and enterprising individuals.

  • Mr Major’s Written Parliamentary Answer on the Balance of Trade – 11 May 1988

    Below is the text of Mr Major’s written Parliamentary Answer on the Balance of Trade on 11th May 1988.


    Mr. Alan W. Williams To ask the Chancellor of the Exchequer what is his latest estimate of the balance of trade for 1988.

    Mr. Major At Budget time my right hon. Friend the Chancellor forecast a deficit on visible trade of £12.5 billion in 1988. Combined with a projected surplus on invisibles of £8.5 billion, the current account was forecast to be in deficit by £4 billion, less than 1 per cent. of GDP.

    Mr. Hoyle To ask the Chancellor of the Exchequer what is his latest estimate of the balance in manufactured trade for 1988.

    Mr. Win Griffiths To ask the Chancellor of the Exchequer what is his latest estimate of the balance in manufactured trade for 1988.

    Mr. Major At Budget time, my right hon. Friend the Chancellor forecast a deficit of £8.5 billion on manufactured trade during 1988. With substantial surplus expected on trade in services and oil and on net earnings from overseas assets, the current account deficit is forecast to be £4 billion, less than 1 per cent. of GDP.

    Dr. Marek To ask the Chancellor of the Exchequer what proportion of his estimate of the annual trade balance for 1988 has now been reached by the monthly figures.

    Ms. Armstrong To ask the Chancellor of the Exchequer what proportion of his estimate of the annual trade balance for 1988 has now been reached by the monthly figures.

    Mr. Major At Budget time my right hon. Friend the Chancellor forecast a visible trade deficit of £12.5 billion in 1988. The deficit in the first quarter was £3.6 billion.

  • Mr Major’s Written Parliamentary Answer on Balance of Payments – 9 May 1988

    Below is the text of Mr Major’s written Parliamentary Answer on Balance of Payments on 9th May 1988.


    Mr. Thurnham To ask the Chancellor of the Exchequer if he will make a statement about the current balance of payments position.

    Mr. Major At Budget time my right hon. Friend the Chancellor of the Exchequer forecast a current account deficit of £4 billion for 1988.