§ Mr. Woofasked the Chancellor of the Exchequer if he will take steps desgined to stimulate the lagging investment in Great Britain's domestic economy in view of the fact that the March Bank of England bulletin shows that British private investment overseas in 1972 almost doubled that of 1971, and was nearly as large as the whole of the investment in United Kingdom manufacturing.
§ Mr. NottThe Government provide generous incentives for industrial investment in this country, and the recent CBI Industrial Trends Survey is encouraging evidence of the response to these. At current price, fixed capital expenditure in manufacturing industries in the United Kingdom in 1972 was considerably greater than United Kingdom private investment overseas.