HC Deb 23 November 1954 vol 533 cc1033-4
17. Mr. Nabarro

asked the Chancellor of the Exchequer whether he is yet in a position to measure the effects of the investment allowances provided in the Finance Act, 1954, upon the rate of industrial investment; how far the increase in industrial investment, since the last Budget, is commensurate with the increases in savings of all kinds; and whether he will now make a statement upon the savings and investment position that has developed since the spring of 1954.

Mr. R. A. Butler

On the first and second parts of the Question, I have nothing at present to add to the reply which I gave last week to the hon. Member for Stechford (Mr. Roy Jenkins) in relation to current rates of investment in plant and machinery in industry. On the third part of the Question, I would ask my hon. Friend to await the next annual national income White Paper and economic survey.