Below is the text of Mr Major’s written Parliamentary Answer on Investment Statistics on 10th March 1988.
Mrs. Clwyd To ask the Chancellor of the Exchequer what are the latest figures that he has for the current level of investment in (a) manufacturing industry and (b) the service sector.
Mr. Major Investment in manufacturing in 1987 is provisionally estimated to be 3.5 per cent. higher than in 1986. Investment in the construction, distribution and financial industries is estimated to be 10 per cent. higher in 1987 than a year earlier. For these industries as a whole the volume of investment in 1987 was the highest level yet recorded.