§ Mr. ButterfillTo ask the Chancellor of the Exchequer what was the volume of private sector investment in British industry for the last year for which figures are available, excluding leased assets; what were the comparable figures for the previous 12 month period; and if he will express both figures as a percentage of gross domestic product.
§ Mr. MajorThe information requested is as follows:
548W
Industrial investment1 £ million at 1985 prices as a percentage of GDP2 1986 Q4–1987 Q3 26,357 8.1 1987 Q4–1988 Q3 30,457 9.0 1 Investment in the manufacturing, construction, distribution and financial industries. 2The average measure of GDP at factor cost. Sources:
DTI capital expenditure press notice (15 December 1988).
CSO gross domestic product press notice (19 December 1988).