HC Deb 13 July 1978 vol 953 cc789-90W
Mr. Park

asked the Chancellor of the Exchequer what figures are available to him oil the total of foreign investment in 1976 and 1977; what foreign investment was refused during the same period; what proportion of foreign investment has gone into manufacturing industry, and what proportion into land and property speculation; and in which fields foreign investment is over 25 per cent, of the United Kingdom's productive capacity.

Mr. Robert Sheldon

Total overseas investment in the United Kingdom private sector, net of disinvestment, was £2,020 million in 1976 and £3,012 million in 1977. No foreign investment into the United Kingdom was refused during 1976 and 1977. Direct investment — net of disinvestment—in the manufacturing industry was £546 million in 1976. The amount in 1977 has not been identified separately. Net investment in the United Kingdom by foreign owned oil companies was £819 million in 1976 and £1,042 million in 1977—including investment on the continental shelf. Investment in land and property speculation is not separately identified and details of overseas ownership of productive capacity in each industrial sector are not available.

Mr. Joel Barnert

Figures for general government expenditure are given below for 1974 and for 1975, the latest year for which information is available: