§ 17. Mr. Hooley
asked the Chancellor of the Exchequer what is the most recent estimate by the Treasury of the level of investment in manufacturing industry in 1982; and how this compares with 1980 and 1981, respectively.
§ 30. Mr. Foster
asked the Chancellor of the Exchequer whether he is satisfied with the level of investment in the United Kingdom economy.
§ Mr. Ridley
Total private sector investment by the business sector—but excluding North Sea oil, ships and aircraft—has risen from 9 per cent. of GDP in 1978 to 10.1 per cent. in 1981, and is expected to rise further this year and next. Within the total the pattern has been mixed. At constant 1975 prices investment in plant and machinery has risen from £4,975 million in 1978 to £5,950 million in 1981, but total investment in manufacturing industry, including leased assets, has fallen from £4,137 million in 1978 to £3,602 million in 1981. It is expected to recover during 1982, but still show a small fall compared to 1981.