HC Deb 10 July 1980 vol 988 cc240-2W
Mr. Marlow

asked the Chancellor of the Exchequer what has been the value of capital investment for each of the last 10 years at constant prices in private manufacturing industry, all private industry and commerce, nationalised industry, local government, central Government and other categories.

Mr. Biffen

[pursuant to his reply, 9 July 1980, c. 220]: The data requested are shown in the following table:

GROSS DOMESTIC FIXED CAPITAL FORMATION
£ million at 1975 constant prices
Private Sector
Manufacturing* Other industrial and commercial Private dwellings Public corporations Local government Central government Total
1970 3,944 4,713 2,047 3,281 4,179 1,258 19,425
1971 3,530 5,180 2,440 3,299 4,057 1,204 19,735
1972 3,002 6,035 2,745 2,904 3,890 1,152 19,767
1973 3,141 6,636 2,449 3,128 4,543 1,214 21,111
1974 3,424 6,287 2,004 3,556 4,188 1,177 20,636
1975 3,103 6,260 2,182 4,026 3,755 1,219 20,545
1976 2,833 6,821 2,180 4,008 3,600 1,195 20,637
1977 3,229 7,331 2,033 3,651 2,959 1,010 20,213
1978 3,567 7,756 2,313 3,486 2,553 919 20,594
1979 3,646 7,790 1,994 3,380 2,434 955 20,199
* These estimates relate to direct investment by private manufacturing industry only. Assets acquired by manufacturers on lease are included, on the basis of ownership, in estimates for other industries and services. They amounted to over £450 millions (at 1975 prices) in 1979, compared with only £190 millions in 1975.
† There have been variations over time in the coverage of the public corporations: a list of corporations in existence during the whole or part of the period up to 1978 is given on page 121 of "National Income and Expenditure, 1979 Edition".
‡ For the reasons explained on page 111 of "National Income and Expenditure, 1979 Edition", total GDFCF at 1975 constant prices may not equal the sum of its components before 1973.