HC Deb 13 February 1978 vol 944 c62W
Mr. Ridley

asked the Chancellor of the Exchequer what has been the percentage change, in real terms, in the annual level of private investment between 1973 and 1977.

Mr. Joel Barnett

Figures for the fourth quarter of 1977 are not yet available. Gross domestic fixed capital formation by the private sector—including purchases less sales of land and existing buildings—for the 12 months ending in the third quarter of 1977 was £5,624 million at 1970 prices, around 9 per cent. below the figure for 1973 of £6,164 million at 1970 prices.

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