§ Mr. Kenneth ClarkeTo ask the Chancellor of the Exchequer what has been the percentage change in the level of business investment in the United Kingdom in each of the last seven years. [186209]
§ Ruth KellyThe information requested falls within the responsibility of the National Statistician, who has been asked to reply.
Letter from Len Cook to Mr. Kenneth Clarke, dated 22 July 2004:
As National Statistician I have been asked to reply to your recent Parliamentary Question concerning, the percentage change in the level of business investment in each of the last seven years. (186209)
The information requested is shown in the table below, consistent with the Business Investment First Release published on 1 July. The table uses the Chained volume measure series, which exclude the effects of price changes
Annual percentage change in business investment (Chained volume measures)—UK, 1997–2003 Period Business investment (annual percentage change) 1997 +10.1 1998 +18.1 1999 +2.8 2000 +4.6 2001 +1.9 2002 +0.6 2003 -0.9