HC Deb 24 February 1983 vol 37 c522W
20. Mr. Lee

asked the Chancellor of the Exchequer if he is satisfied with the level of capital investment in manufacturing industry.

Sir Geoffrey Howe

Capital investment in manufacturing—unlike certain other sectors—fell in 1982, but this reflected the disappointing output figures. However, January CBI survey suggests a somewhat more favourable outlook for manufacturing investment compared with the previous survey. The latest DOI investment intentions survey suggest some flattening out in the profile of manufacturing investment in the course of 1983.