HC Deb 17 January 1967 vol 739 cc31-2W
Mr. Bruce-Gardyne

asked the President of the Board of Trade what was the value of manufacturing investment in the first nine months of 1958, 1964, 1965 and 1966 at constant 1958 prices; and what would be the figure for the corresponding period of 1967 if his department's forecast of a 7 to 8 per cent. drop in private manufacturing investment in 1967 were fulfilled.

Mr. Jay

For the past periods the figures are:

£ million, 1958 prices
First nine months, 1958 678
First nine months, 1964 772
First nine months, 1965 859
First nine months, 1966 863
The published forecast referred to the calendar year; but if investment in the first nine months of 1967 were to be 8 per cent. lower than in the corresponding period of 1966 it would be £794 million, at 1958 prices.