HC Deb 09 December 1976 vol 922 cc352-3W
Mr. Sillars

asked the Chancellor of the Exchequer how much per pound of gross national income the United Kingdom has invested in manufacturing in 1975 and in 1976, respectively.

Mr. Denzil Davies

The available information is as follows:

1975 1976
1st half* 1st three-quarters*
(A) Gross domestic fixed capital formation in manufacturing industry (£m.) 3,449 1,858 2,873
(B) Gross national product at factor cost (£m.)† 94,095 52,666 n.a.
(C) (A) as a percentage of (B) 3.7 3.5 n.a
n.a. = Not available.
* Seasonally adjusted.
† Gross national product at current prices is equivalent to gross national income and is the term normally used in the national accounts.

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