§ 17. Mr. Hooleyasked the Chancellor of the Exchequer what estimate he has made of the effect of the measures he announced on 2 December on capital investment in private manufacturing industry.
§ Sir Geoffrey HoweThe recent Industry Act forecast for 1981 and 1982 took full account of the public expenditure and national insurance decisions announced on 2 December. It suggested some recovery from now on in the total level of fixed investment by the private sector.