HC Deb 08 June 1989 vol 154 c209W
Mr. Watts

To ask the Chancellor of the Exchequer what was the share of gross domestic product represented by business investment in 1988.

Mr. Major

Business investment as a share of GDP was 14.6 per cent. in 1988, the highest level recorded.

Mr. Strang

To ask the Chancellor of the Exchequer whether he has made any study of the likely effect of a further increase in interest rates on the level of manufacturing investments in the current year.

Mr. Major

Developments in the economy are constantly monitored. Manufacturing investment is growing strongly and the outlook remains good.