HC Deb 26 January 1970 vol 794 c976
4. Mr. Speed

asked the Minister of Technology what study he has made of the age of machinery in use in British manufacturing industry.

Mr. Alan Williams

This has been covered in a number of individual industrial studies carried out or sponsored by the Department.

Mr. Speed

Does the Minister consider that the present investment incentives have materially increased the rate at which this machinery and equipment has been written off?

Mr. Williams

The hon. Gentleman will know that there has been a substantial upturn in the rate of investment, and we consider that this is highly desirable. On the other hand, we equally recognise that we want, so far as we can, to reduce the average age of machinery in industry. I am sure that hon. Gentlemen opposite found exactly the same problem when they were in office.