Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential impact of the level of profits made by companies outside the oil and gas industries on (a) the cost of living and (b) inflation.

The Government monitors UK corporates’ performance on an ongoing basis. Profits as a share of GDP (Gross Domestic Product) for UK private non-financial corporations excluding firms in the UK Continental Shelf have been relatively stable since 2000.