Company Profitability

Part of Oral Answers to Questions — Trade and Industry – in the House of Commons at 12:00 am on 23 January 1991.

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Photo of Peter Lilley Peter Lilley Secretary of State for Trade 12:00, 23 January 1991

My hon. Friend is absolutely right. Productivity rose by half in the past decade, which was faster than the position in any other major country in the world, including Japan. Profitability is the key to success, and the restoration of productivity leads companies to spend more on investment, research and development, and training.