Mr Major’s Written Parliamentary Answer on Public Investment – 11 February 1988

Below is the text of Mr Major’s written Parliamentary Answer on Public Investment on 11th February 1988.

Ms. Mowlam To ask the Chancellor of the Exchequer what is the level of public investment as a proportion of gross domestic product.

Mr. Major In 1987–88 public sector capital spending, as defined in table 2.10 of volume I of the 1988 public expenditure White Paper, is estimated to be about 5.5 per cent. of gross domestic product.