HC Deb 08 May 1978 vol 949 c350W
Mr. Kenneth Clarke

asked the Secretary of State for Industry what is his Department's latest estimate of the probable level of investment in manufacturing industry in the next 12 months.

Mr. Cryer

My Department's latest investment intentions survey, carried out in November and early December of last year, indicated an increase in the volume of investment by manufacturing industry of between 10 per cent. and 13 per cent. in 1978 over 1977. The latest estimate of investment for 1977 is £1,761 million at 1970 prices.