Leasing

Oral Answers to Questions — Trade and Industry – in the House of Commons at 12:00 am on 11th May 1988.

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Photo of Mr Fergus Montgomery Mr Fergus Montgomery , Altrincham and Sale 12:00 am, 11th May 1988

To ask the Chancellor of the Duchy of Lancaster what was the value of the leasing industry in (a) 1987 and (b) 1986.

Photo of Mr Robert Atkins Mr Robert Atkins , South Ribble

The latest estimate of finance provided by the leasing industry in 1987 is £.3·4 billion at 1980 prices. The corresponding amount in 1986 was £3·1 billion at 1980 prices.

Photo of Mr Fergus Montgomery Mr Fergus Montgomery , Altrincham and Sale

Does my hon. Friend agree that that reply shows the contribution made to the United Kingdom economy by the service sector? Would it be true to say that the service sector in this country—

Photo of Mr Bernard Weatherill Mr Bernard Weatherill , Croydon North East

Order. It is perfectly OK. The hon. Member is glancing at his notes.

Photo of Mr Fergus Montgomery Mr Fergus Montgomery , Altrincham and Sale

Does my hon. Friend agree that the service sector contributes twice as much to the economy in output and three times as much in employment as the manufacturing sector?

Photo of Mr Robert Atkins Mr Robert Atkins , South Ribble

My hon. Friend has stolen my thunder. He is quite right.