§ Mr. D. E. Thomasasked the Chancellor of the Exchequer what is his estimate of the level of capital spending in Wales in the period until 1986.
§ Mr. Peter ReesNet public sector capital expenditure in Wales is as follows:
£ million cash £ million 1979–80 461 1980–81 520 1981–82 473 1982–83 542 1983–84 624 1984–85 537 As these figures are net of receipts from sales of assets and repayments of loans, some of which have increased rapidly, they are not necessarily indicative of the level of or changes in gross capital expenditure. In particular, the net figures make no allowance for expenditure financed by income from sales of council houses, which rose from £8 million in 1979–80 to £68 million in 1983–84, with a similar amount assumed in the expenditure plans for 1984–85.
420WComprehensive figures for private sector capital investment are not available.