§ Mr. Redwood
To ask the Chancellor of the Exchequer what has been the(a) real and (b) nominal annual rate of return on UK equities between May 1997 and 16 July 2002. 
§ Ruth Kelly
Between May 1997 and 16 July 2002, the nominal annual rate of return for the FTSE All Share was one per cent. equivalent to a total nominal return of 5.6 per cent. over the period. The annual real rate of return over the same period was 1.1 per cent. equivalent to a total real return of minus 5.8 per cent. over the same period.