§ Lord Higginsasked Her Majesty's Government:
Whether they will place in the Library of the House the evidence in support of the statement of Baroness Hollis of Heigham on 11 July (HL Deb, column 830) that investment in industry has increased as a result of the change in ACT (advanced corporation tax) made in the Chancellor of the Exchequer's first Budget. [HL5280]
§ Lord McIntosh of HaringeyTotal business investment, measured at constant prices, has increased markedly since 1997. It was £93.1 billion in 1997 and £113.1 billion in 2001. This information has been published in theUK Economic Accounts (Table A8: Grossed Fixed Capital Formation, Business Investment at Constant Prices).