HC Deb 10 July 1974 vol 876 cc488-9W
43. Mr. Carter

asked the Chancellor of the Exchequer if he is satisfied with the percentage of gross national product currently devoted to investment.

Mr. Dell

In 1973 gross domestic fixed capital formation accounted for about 22 per cent. of gross domestic product. I am not satisfied with this figure and it is our policy to try and increase it. In particular we need to increase manufacturing investment, which accounted for only 4 per cent. of GDP last year.