§ Mr. BoothTo ask the President of the Board of Trade what estimate his Department has made of the level of investment by United Kingdom industry since 1979. [5895]
§ Mr. OppenheimBusiness investment is over a third higher, in volume terms, than in 1979.
§ Mr. BoothTo ask the President of the Board of Trade what estimate his Department has made of the proportion of investment in United Kingdom industry by foreign sources for each year since 1979. [5894]
§ Mr. OppenheimThe information required is given in the table.
Percentage of UK manufacturing investment by foreign-owned companies Year Number 1979 23.2 1981 25.5 1983 23.1 1984 21.1 1985 21.9 1986 20.4 1987 21.3 1988 21.4 1989 27.6 1990 27.0 1991 33.5 1992 31.7 Notes:
- 1. 1992 figures are the latest available.
- 2. Prior to 1983 figures were only collected biannually.
- 3. Information is only available for manufacturing industries.
Source:
Annual Census of Production: CSO Business Monitor PA1002.
§ Mr. BoothTo ask the President of the Board of Trade what assessment he has made of the figures for investment in the United Kingdom in industry in relation to(a) investment in Germany and (b) investment in France in industry for each year since 1979. [5896]
§ Mr. OppenheimOECD estimates for business investment in the UK, France and Germany, expressed in relation to levels of GDP, are shown in the table. Since 1979, business investment in the UK has averaged 12.5 per cent. of GDP compared with 12 per cent. in Germany and 11 per cent. in France.
1082W
Business investment as a proportion of GDP At 1990 Prices Per cent UK Germany France 1979 12.0 11.8 11.4 1980 11.8 12.0 11.7 1981 11.1 11.6 11.3 1982 11.7 11.1 11.0 1983 11.4 11.4 10.5 1984 12.1 11.1 10.1 1985 12.4 11.4 10.3 1986 11.9 11.6 10.8 1987 12.8 11.9 11.1 1988 14.1 12.1 11.7 1989 14.7 12.5 12.2 1992 14.1 13.0 12.4 1991 12.9 13.3 12.2 1992 12.5 12.7 11.5 1993 12.3 11.1 10.6 1994 11.9 10.6 10.4 Source:
OECD Business Sector database.