§ Mr. Matthew TaylorTo ask the Chancellor of the Exchequer what proportion of gross domestic product was spent on the Investing in Britain Fund in the financial years(a) 1998–99 and (b) 1999–2000; what estimate he has made for (i) 2000–01 and (ii) 2001–02; and if he will make a statement. [114705]
§ Mr. Andrew Smith[holding answer 15 March 2000]: The Investing in Britain Fund provides for the renewal and modernisation of the UK's public sector capital stock. Figures for capital investment as a percentage of gross domestic product are shown in Table B6, Annexe 2 of the pre-Budget Report (Cm 4479). These figures will be updated in the forthcoming Financial Statement and Budget Report.