| Previous Section | Index | Home Page |
16 Mar 2006 : Column 2413W—continued
Earnings Statistics
Rosie Cooper: To ask the Chancellor of the Exchequer what the average earnings were of full-time employees in West Lancashire constituency in April of each year since 2000. [58420]
John Healey: The information requested falls within the responsibility of the National Statistician who has been asked to reply.
Letter from Karen Dunnell, dated 16 March 2006:
As National Statistician, I have been asked to reply to your recent Parliamentary Question asking what the average earnings were of full-time employees in West Lancashire constituency in April of each year since 2000. (58420)
Average earnings are estimated from the Annual Survey of Hours and Earnings (ASHE), and are provided for full time employees on adult rates whose pay for the survey period was not affected by absence. This is the standard definition used for ASHE. The ASHE does not collect data on the self employed and people who do unpaid work.
I attach tables showing Average Gross Weekly Earnings by parliamentary constituency for the years 2000 to 2005 for Full Time Employees on Adult Rates. These statistics are also available on the National Statistics website at:
The ASHE, carried out in April of each year, is the most comprehensive source of earnings information in the United Kingdom. It is a one per cent sample of all employees who are members of pay-as-you-earn (PAYE) schemes.
(15) Employees on adult rates whose pay for the survey day-period was not affected by absence.
(16) Includes supplementary survey data.
Guide to quality:
The Coefficient of Variation (CV) indicates the quality of a figure, the smaller the CV value the higher the quality.
The true value is likely to lie within ± twice the CV e.g. for an average of 200 with a CV of 5%, we would expect the population average to be within the range 180 to 220.
Key:
CV }5 percent.
* = CV>5% and }10%
** = CV>10% and }20%
The median replaces the mean as the headline statistic. The weighted mean is the sum of the weighted values divided by the sum of the weights. The median is the value below which 50 per cent. of employees fall. It is preferred over the mean for earnings data as it is influenced less by extreme values and because of the skewed distribution of earnings data.
Source:
Annual Survey of Hours and Earnings, Office for National Statistics.
(17) Employees on adult rates whose pay for the survey day-period was not affected by absence.
(18) Includes supplementary survey data.
Guide to quality:
The Coefficient of Variation (CV) indicates the quality of a figure, the smaller the CV value the higher the quality.
The true value is likely to lie within ± twice the CV e.g. for an average of 200 with a CV of 5%, we would expect the population average to be within the range 180 to 220.
Key:
CV <= 5 percent.
* = CV>5% and }10%
** = CV>10% and }20%
The median replaces the mean as the headline statistic. The weighted mean is the sum of the weighted values divided by the sum of the weights. The median is the value below which 50 per cent. of employees fall. It is preferred over the mean for earnings data as it is influenced less by extreme values and because of the skewed distribution of earnings data.
Source:
Annual Survey of Hours and Earnings, Office for National Statistics.
16 Mar 2006 : Column 2414W
Employment (Stroud)
Mr. Drew: To ask the Chancellor of the Exchequer how many people in Stroud constituency (a) under and (b) over the age of 25 years were long-term unemployed in each year since 1997; and how many people in each age group participated in the New Deal in each year. [58710]
John Healey: The information requested falls within the responsibility of the National Statistician, who has been asked to reply.
Letter from Karen Dunnell, dated 16 March 2006:
As National Statistician, I have been asked to reply to your Parliamentary Question about unemployment. (58710)
The Office for National Statistics (ONS) compiles statistics of unemployment for local areas from the annual local area Labour Force Survey (LFS) and the Annual Population Survey (APS) following International Labour Organisation definitions.
However, for the Stroud parliamentary constituency, sample numbers are insufficient to provide the estimates requested.
ONS also compiles statistics for local areas of people claiming Jobseeker's Allowance (JSA). Table 1, attached, shows the annual average number of JSA claimants, aged under 25, and aged 25 and over, resident in the Stroud constituency, who were claiming for over 12 months, since 1997.
The Department for Work and Pensions compiles statistics of those participating in the New Deal. Table 2, attached, the number of individual starts and individual jobs for the New Deal for Young People and for the New Deal for 25 plus, for participants resident in the Stroud constituency since the programmes were introduced in 1998.
(19) Computerised claims only. Data rounded to the nearest 5 for disclosure control
Source:
Jobcentre Plus Administrative system
16 Mar 2006 : Column 2415W
(20) New Deal for Young People started in April 1998.
(21) New Deal for 25 plus started in July 1998.
(22) Information on individual starts is up to November 2005.
(23) Information on individual jobs is up to August 2005.
Data rounded to the nearest 10.
Source:
Department for Work and Pensions.
Energy/Water Efficiency
Alan Simpson: To ask the Chancellor of the Exchequer how many approved private finance initiative schemes for the 2004–05 financial year included energy self-generation and water recycling measures; and what proportion this represented of total approvals. [58723]
John Healey: The Treasury does not hold this information.
Fuel Suppliers (Windfall Tax)
Mr. Jim Cunningham: To ask the Chancellor of the Exchequer what plans he has for a windfall tax on fuel suppliers. [58389]
John Healey: The Chancellor considers all relevant economic, social and environmental factors when deciding taxation policy. Any changes will be announced by the Chancellor in the context of his Budget Statement.
Hedge Funds
Mr. Kilfoyle: To ask the Chancellor of the Exchequer what plans he has to regulate hedge funds. [58512]
Mr. Ivan Lewis:
Hedge fund managers based in the UK have to be authorised and regulated by the FSA under the Financial Services and Markets Act 2000. Once authorisation has been obtained, firms have to continue to comply with the FSA's high level standards,
16 Mar 2006 : Column 2416W
covering principles for business, senior management systems and controls, code of practice for approved persons, and fit and proper tests, in additional to financial and business standards relevant to their specific business.
Where the funds that these types of firms manage are domiciled outside the UK (as is often the case), the regulation and supervision of the funds themselves is outside the FSA's legal jurisdiction. As such funds typically invest in more complex and innovative products, which are high risk in nature, they are not considered to be suitable for retail investors and are aimed at high net worth individuals or institutional investors with an initial minimum investment of at least $100,000.
The FSA has established a specialist hedge fund supervision team.
| Next Section | Index | Home Page |