§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer, what assessment he has made of the effect of the statements made by the Governor of the Bank of England in respect of tightening monetary policy on the willingness of British manufacturers in the import-competing and export industries to invest in increased capacity. [23675]
§ Mr. NelsonThe Government can best encourage investment in all sectors by consistently following stable macroeconomic policies, including ensuring that inflation remains permanently low. Over the last year manufacturing investment rose by more than 8 per cent. and investment by machinery and equipment industries was up almost 18 per cent.
62W