HC Deb 26 October 1955 vol 545 c207

With the support of hon. Members on both sides of the Committee—indeed, I was very much pressed by right hon. and hon. Gentlemen opposite—I have made great efforts to encourage investment, both public and private. I have been even more successful than I or the Committee would have expected. In addition to the evidence of continuing expansion in the amount of work actually done on fixed investment, all the indications of future intentions—the increase in the plans approved for new factory construction and the rising value of orders on hand for machine tools—point to a gathering momentum of demand in this field of investment which, taken with an increase of industry's stocks and work in progress and with the rise in incomes and consumption, is now overloading the economy.