HC Deb 25 January 1972 vol 829 c395W
47. Mr. Duffy

asked the Secretary of State for Trade and Industry if he will make a statement on capital investment in manufacturing industry; and when he expects a rise.

Mr. John Davies

The results of the latest Investment Intentions Inquiry taken in November/December were published in theTrade & Industry Journal of 13th January. Since the time of the inquiry there has been the international settlement on exchange rates and additional evidence of the continuing and spreading growth in consumer spending. This should help the revival of confidence, and through a reassessment of investment plans could bring an earlier upturn in expenditure.