§ Mr. Sillarsasked the Chancellor of the Exchequer what was the annual investment by nationalised industries in each year from 1960 to 1970, respectively; and how this compares with investment by the private sector.
§ Mr. HigginsThe information is given in the table below.
GROSS DOMESTIC FIXED CAPITAL FORMATION (£ million at current prices) Public corporations Private sector 1960 … … … 788 2,472 1961 … … … 905* 2,795 1962 … … … 933 2,769 1963 … … … 1,024 2,775 1964 … … … 1,187 3,277 1965 … … … 1,293 3,528 1966 … … … 1,453† 3,573 1967 … … … 1,659‡ 3,620‡ 1968 … … … 1,622 4,105 1969 … … … 1,486 4,310 1970 … … … 1,606 4,738 * Including the Post Office from 1st April. † Including the British Airports Authority. ‡ The nationalised steel undertakings were transferred from the private sector to public corporations from 28th July.