HC Deb 27 July 1999 vol 336 cc389-90W
Mr. Mitchell

To ask the Chancellor of the Exchequer if he will make a statement on the levels of investment in manufacturing industry since 1979. [92681]

Ms Hewitt

[holding answer 26 July 1999]: The Government have clearly recognised that the UK has a long history of under-performance in investment. That is why they have put in place a comprehensive range of measures designed to tackle this weakness, including macroeconomic reforms to provide a stable environment and a tax framework to encourage investment, such as reducing the rate of corporation tax to its lowest level ever.