HC Deb 20 May 1985 vol 79 cc344-5W
Mr. Sean Hughes

asked the Secretary of State for the Environment what percentage of annual gross domestic fixed capital formation was represented by investment in the housing and construction sector in each of the last 10 years for which figures are available.

Sir George Young

The percentages of gross domestic fixed capital formation (at current prices) accounted for by dwellings and other new buildings and works, including transfer costs of land and buildings, in each of the ten years to 1984 for the United Kingdom are as follows:

Year Per cent.
1975 59.1
1976 57.0
1977 52.5
1978 50.4
1979 50.6
1980 52.7
1981 53.9
1982 54.0
1983 53.6
1984 53.0