§ Mr. J. H. Osbornasked the Chancellor of the Exchequer what was the total capital formation during 1966; what percentage of this was in manufacturing industry, and what percentage in the public sector, including nationalised industries; and what change there has been compared with the previous year.
§ Mr. CallaghanGross fixed capital formation for the first nine months of 1966 is estimated at £4,811 million. 21½ per cent. of this was in manufacturing industries and 47 per cent. in the public sector. Total fixed investment at constant prices was just over one-half of 1 per cent. higher than in the corresponding period of 1965, the corresponding increases for manufacturing being ½ per cent., and for the public sector nearly 5 per cent.