§ Mr. MeacherTo ask the Chancellor of the Exchequer what has been the level of(a) industrial investment and (b) manufacturing investment in each of the last 20 years, including the latest information for 1988, at current and at 1988 prices.
§ Mr. MajorThe information requested is as follows. The latest figures produced by the DTI for investment at constant prices use 1985 as the base year.
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Fixed capital expenditure—£ million current prices Industrial investment2 Manufacturing(including leased assets)1 1968 2,717 1,569 1969 3,040 1,774 1970 3,550 2,090 1971 3,835 2,102 1972 2,174 1,969 1974 6,243 3,062 1973 4,984 2,357 1975 6,777 3,646 1976 7,770 4,146 1977 9,593 5,083 1978 11,755 6,170 1979 14,618 7,154 1980 15,719 7,309 1981 15,307 6,235 1982 16,732 6,521 1983 17,372 6,822 1984 20,988 8,427 1985 25,063 10,265 1986 25,735 9,982 1987 30,224 10,945 Unadjusted 1988 Q1 7,787 2,889
Industrial investment2 Manufacturing (including leased assets)1 Q2 8,018 2,978 4Q3 8,360 3 1 Separate figures for assets leased to manufacturers were only collected from 1975. 2 Manufacturing, construction, distribution and financial industries. 3 Figures for assets leased to manufacturers at current prices not yet available. 4 Provisional. Source:
Monthly Digest of Statistics (CSO) and British Business:; 25 November 1988.
Fixed capital expenditure—£ million at 1985 prices Industrial investment2 Manufacturing (including leasted assets1 1968 15,499 9,195 1969 16,599 10,026 1970 17,730 10,808 1971 17,352 9,865 1972 16,388 8,582 1973 18,019 9,178 1974 18,933 10,053 1975 16,849 9,666 1976 16,601 9,263 1977 17,778 9,828 1978 19,558 10,716 1979 21,546 11,157 1980 19,892 9,920 1981 17,692 7,735 1982 18,525 7,603 1983 18,751 7,541 1984 22,059 8,923 1985 25,057 10,259 1986 24,697 9,576 1987 27,603 10,050 Seasonally adjusted 1988 Q1 7,299 2,638 Q2 8,016 2,873 3Q3 7,529 2,721 1 Separate figures for assets leased to manufacturers were only collected from 1975. 2 Manufacturing, construction, distribution and financial industries. 3Provisional. Source: DTI capital expenditure press notice.