§ Mr. Ron Thomasasked the Chancellor of the Exchequer what is his estimate of net domestic capital formation in Great Britain's manufacturing industry in each of last 5 years (a) at current prices, (b) at 1970 prices and (c) as a proportion of gross domestic product.
§ Mr. Denzil DaviesEstimates are available only for the United Kingdom, and the information specified is not yet available for 1977. Following is information for 1972–76:
NET DOMESTIC FIXED CAPITAL FORMATION IN UNITED KINGDOM MANUFACTURING* As a proportion† of At current prices £ million At 1970 prices £ million Gross Domestic Product (GDP) Per cent. GDP less Capital Consumption Per cent. (1) (2) (3) (4) 1972 … 671 553 1.2 1.4 1973 … 729 530 1.1 1.3 1974 … 1,244 729 1.7 1.9 1975 … 959 427 1.0 1.2 1976 … 855 341 0.8 0.9 * Purchases less sales of fixed capital assets, less capital consumption. † At current prices. Between 1976 and 1977 gross domestic fixed capital formation in manufacturing (i.e. before deducting capital consumption) increased by 23 per cent, at current prices and by 8 per cent, at 1970 prices.