§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer what assessment he has made of the rate of return on capital required by industry to justify investment in new manufacturing capacity solely for import saving and export and of the premium demanded to insure against an appreciation of the currency as a result of the Government's monetary and exchange rate policies.
§ Mr. NelsonThe upward movement of equity prices over the past couple of years does not necessarily signal any increase in industry's required rates of return. The January CBI "Industrial Trends Survey" showed, for the first time since July 1989, that on balance manufacturers are planning to increase investment in plant and machinery over the next 12 months.