Now, pension funds invest a larger proportion of capital in fixed-income assets such as bonds, and have been replaced by short-term investors including hedge funds and global fund managers whose UK holdings make up only a small proportion of their overall investments.
One research council that is particularly vulnerable, however, is the Science and Technology Facilities Council (STFC), which has the largest proportion of capital expenditure of all of them.
However that won't be the case if TTIP comes into effect because of the large proportion of US capital stock in the UK.
Resona is not the only bank whose deferred tax assets account for a large proportion of its capital base and which is making big losses (see chart).
Costs have also come down, in part thanks to the fall in the price of commodities such as steel, which account for a large proportion of its capital expenditure.
"It was only a few weeks ago that I was in Copenhagen for some international conference… Denmark is the only country in Europe, as far as I know, that still devotes a large proportion of its capital city to an anarchist commune, called Christiania, where I remember spending a happy afternoon 25 years ago inhaling the sweet air of freedom".
Actually, the enzyme accounts for a large proportion of the capital cost of industrial LCE production.
Yamuna Bazar is located on the bank of the Yamuna River in central Delhi and is the base for a large proportion of the capital's homeless and PWID.
Allied warships in the Persian Gulf and Red Sea were reported by military officials to have fired 600 cruise missiles, a large proportion of them at the capital, in a series of raids that began with a massive bombardment on Friday night.
At the beginning of the 21st century, more than four decades since Rio ceased to be the national capital, a large proportion of federal employees were still based there, along with tens of thousands of state and city workers.
