§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer whether he will publish in theOfficial Report figures for each year since 1979 the net increase in the amounts available for investment of life assurance and pension schemes to the nearest £ million; and if he will provide a forecast for 1987 and for 1988.
§ Mr. MaudeI have been asked to reply.
Figures for total net investment by the long-term funds of insurance companies and self-administered pension funds (excluding net investment by pension funds in insurance-managed funds) are as follows for the years 1979 to 1987:
£ million 1979 10,100 1980 11,744 1981 13,533 1982 15,201 1983 15,957 1984 17,668 1985 18,089 1986 20,027 1987 21,086 Note: There are some breaks in the series due to definitional changes. The main ones are between 1983 and 1984 and between 1984 and 1985. A forecast for 1988 is not available.