HC Deb 06 March 1991 vol 187 cc162-3W
Mr. Nicholas Brown

To ask the Chancellor of the Exchequer whether he will provide the information on United Kingdom manufacturing investment given in his answer to the hon. Member for Swansea, West (Mr. Williams) on 5 June 1990,Official Report, column 406, at constant prices for the latest year available.

Mr. Mellor

[holding answer 5 March 1991]: The table provides revised and updated information for the years from 1985.

Mr. Maples

[holding answer 5 March 1991]: All items RPI inflation averaged 7.8 per cent. in the financial year 1989–90. The comparable figure for the market price GDP deflator was 6¼ per cent. (adjusted for the distortion caused by the abolition of domestic rates). Complete data for 1990–91 are not yet available. The autumn statement forecast was for an increase in the GDP deflator of 8 per cent. in 1990–91 and 6 per cent. in 1991–92; no such forecast is published for the RPI. A new forecast will be published with the Budget.