§ 39. Mr. Hooleyasked the Chancellor of the Exchequer what percentage of Government expenditure will be represented by investment grants to manufacturing industry in 1969–70, and what were the comparable percentages in 1968–69 and 1967–68.
§ Mr. DiamondEstimated expenditure on investment grants to the private sector in 1969–70 is 2.5 per cent. of total public expenditure. In 1968–69 the figure was 2.7 per cent. and in 1967–68 2.1 per cent.