§ 64. Mr. Ridsdaleasked the President of the Board of Trade what has been the total investment in productive industry, as a proportion to the gross national product, in the United Kingdom for 1965 and 1966; and what information he has from international sources about how this compares to such investment in Germany and Japan.
§ Mr. JayInvestment by industries covered by the Index of Production was 7 per cent. of the gross national product (at market prices) in 1965 and in the236W first three quarters of 1966. The latest available comparable figure for the German Federal Republic was 9 per cent. in 1965 and for Japan 12 per cent. in 1964.
§ 65. Mr. Ridsdaleasked the President of the Board of Trade what are the figures of industrial investment for the last three months, respectively; and how much he estimates industrial investment will alter compared to 1964 and 1965 over the next six months.
§ Mr. JayManufacturers' investment in the third quarter of 1966 was £359 million at current prices. Forecasts provided in November/December, 1966 suggest a fall of about 11 per cent. (in volume terms) between 1965 and 1967, about 3 per cent. between 1964 and 1967, but the forecasts did not take account of the recent increase in the rates of investment grants.