§ 92. Dr. Michael Clark
To ask the Secretary of State for Trade and Industry what proportion of investment in machine tools over the last three years has been on imported equipment; and if he will make a statement.
§ Mr. Douglas Hogg
Recent United Kingdom investment in the import of machine tools has been estimated as:
Year United Kingdom demand Imports £ million £ million Percentage 1986 1,011 500 49.5 1987 875 425 48.6 1988 1,155 557 48.2
No information is available about the re-export of imported machine tools. The above figures take no account of re-exports. I do not propose to make a statement.