HC Deb 09 December 1982 vol 33 c617W
43. Mr. Sainsbury

asked the Chancellor of the Exchequer if he anticipates that the Industry Act forecast of an increase in total fixed investment of 3 per cent. in 1982 and 5 per cent. in 1983 will change as a result of fluctuations in exchange rates.

Mr. Bruce-Gardyne

The Industry Act forecast took into account many factors affecting the likely levels of fixed investment by the public and private sectors over the next year. The impact of particular movements in the exchange rate will depend on what caused them, whether they are sustained and on other developments and reactions at home and abroad.