Baroness Burt of Solihull – 2016 Parliamentary Question to the Department for Business, Innovation and Skills
The below Parliamentary question was asked by Baroness Burt of Solihull on 2016-04-25.
To ask Her Majesty’s Government what was the total value of the retail sector to the UK economy in each of the last 10 years, and what estimate they have made of its value over the next 10 years.
Baroness Neville-Rolfe
The amount of Gross Value Added by the retail sector in each of the last ten years and the proportion of total UK GVA is given in the table below:
|
Year |
Gross Value Added (£m) |
% of UK Total |
|
2006 |
71,137 |
5.6% |
|
2007 |
74,521 |
5.6% |
|
2008 |
76,811 |
5.6% |
|
2009 |
76,117 |
5.6% |
|
2010 |
79,763 |
5.7% |
|
2011 |
80,366 |
5.6% |
|
2012 |
84,340 |
5.7% |
|
2013 |
87,065 |
5.6% |
|
2014 |
89,833 |
5.6% |
|
2015 |
91,738 |
5.6% |
Source: National Accounts Low-Level aggregates (ONS)
Her Majesty’s Government has not made forecasts of the future value of the retail sector.
