The Rt. Hon. Sir John Major KG CH

Prime Minister of Great Britain and Northern Ireland 1990-1997

Chief Secretary (1987-1989)

Mr Major’s Written Parliamentary Answer on Company Borrowing – 29 July 1988

Below is the text of Mr Major’s written Parliamentary Answer on Company Borrowing on 29th July 1988.

Mr. Chris Smith To ask the Chancellor of the Exchequer what is his estimate of the proportions of total borrowing by companies during the past six months, represented by (a) funds required to finance mergers and takeovers, (b) funds for investment in new plant, machinery, research and development and training and (c) funds for other purposes.

Mr. Major This is a matter for my right hon. Friend the Chancellor of the Duchy of Lancaster.