§ 130. Mr. Alex CarlileTo ask the Chancellor of the Exchequer what are the latest figures for capital investment by business.
§ Mr. Norman LamontThe latest estimates of business investment are given in the table. In the two years to 1988 business investment grew by over 30 per cent. to reach £51.4 billion at constant 1985 prices. In the first three quarters of 1989 it was 12 per cent. higher than in the same period a year earlier, seasonally adjusted and at constant 1985 prices.
Business investment, seasonally adjusted at constant 1985 prices £ billion 1986 39.5 1987 43.7 1988 51.4 1988 Q1 11.7 Q2 12.8 Q3 13.3 Q4 13.6 1989 Q1 13.9 Q2 14.2 Q3 14.4