§ Mr. John Leeasked the Chancellor of the Exchequer what is the estimated value of the switch of funds, over the last 12 months, from capital investment to Government securities attributable to high rates of interest; what is the corresponding estimate for the period October, 1966, to October, 1967, and October, 1967, to October, 1968; and if he will make a statement.
§ Mr. TaverneThere is no statistical evidence that points to a connection between the level of capital investment and the level of sales of Government securities to the public.