§ 76. Mr. Bellingham
To ask the Chancellor of the Exchequer what is his assessment of the effect of the 311W current instability of interest rates on investment in industry over the next year; and what assessment he has made of the effect this will have on the current level of economic growth in the United Kingdom.
§ Mr. Major
With interest rates close to their average levels for recent years, there is every sign that investment growth will be strong in 1988, as projected in the FSBR and the latest DTI investment intentions survey. This will contribute to the continuation of the strong and steady growth seen since 1981.