HC Deb 11 May 1988 vol 133 cc146-7W
48. Mr. Boyes

To ask the Chancellor of the Duchy of Lancaster if he is aware of any research on the effect of interest rates on the level of manufacturing investment; and if he will make a statement.

Mr. Tony Lloyd

To ask the Chancellor of the Duchy of Lancaster what information he has on the connection between the level of manufacturing investment and the level of interest rates.

Mr. Atkins

There has been a large amount of research on this subject, including "Factor Prices in the Treasury Model", by C. Kelly and D. Owen (GES working paper No. 83). A copy is lodged in the House of Commons Library.

65. Ms. Mowlam

To ask the Chancellor of the Duchy of Lancaster by how much manufacturing investment fell between 1979 and 1987.

Mr. Butcher

The latest estimate of investment in manufacturing industry, including leased assets, for 1987 is £7.4 billion at 1980 prices. The corresponding investment in 1979 and 1983 was £8.2 billion and £5.6 billion respectively at 1980 prices.

89. Mr. Andrew Smith

To ask the Chancellor of the Duchy of Lancaster what are the most recent figures for manufacturing investment; what the percentage change has been since 1979; and which Organisation for Economic Co-operation and Development countries have a greater increase or decrease over this period.

Mr. Alan Clark

The most recent figures of investment in manufacturing industry, including leased assets, are for 1987—for which the latest estimate is £7.4 billion at 1980 prices. The corresponding investment in 1979 and 1983 was £8.2 billion and £5.6 billion respectively at 1980 prices. These figures show a decrease of 9 per cent. between 1979 and 1987, and an increase of 33 per cent. between 1983 and 1987. Figures for OECD countries are not available on a comparable basis over this period. Available figures for OECD countries are published in "OECD National Accounts 1973–1985".

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