§ Mr. MorganTo ask the Chancellor of the Exchequer (1) what is the percentage rate of growth of capital investment in manufacturing industry in the United Kingdom over the decade 1979 to 1989; and what is the Organisation for Economic Co-operation and Development average over the same period;
(2) what is the percentage rate of growth of capital investment in fixed assets in manufacturing industry in the United Kingdom over the decade 1979 to 1989; and what is the Organisation for Economic Co-operation and Development average over the same period.
§ Mr. Norman Lamont[holding answer 9 November 1989]: 1988 is the most recent full year for which investment data are available. In that year gross domestic fixed capital formation by United Kingdom manufacturing industry, including leased assets, equalled its 1979 level, at 1985 prices, following average growth of 8¼ per cent. a year from 1983.
8WFigures for all OECD countries are not available on a comparable basis over this period. Such information as is available is published in "OECD National Accounts, volume 11, 1975–1987".