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 Investment – 26 January 1989

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Below is the text of Mr Major’s written Parliamentary Answer on Investment on 26th January 1989.

Mr. Tim Smith To ask the Chancellor of the Exchequer what are the latest figures for the growth of manufacturing investment.

Mr. French To ask the Chancellor of the Exchequer what are the latest figures for the growth of manufacturing investment.

Mr. John Greenway To ask the Chancellor of the Exchequer what are the latest figures for the growth of manufacturing investment.

Mr. Major In the first three quarters of 1988., manufacturing investment was 11 per cent. higher than in the same period a year earlier.

Mr. Redwood To ask the Chancellor of the Exchequer what has been the growth of total fixed investment in the United Kingdom since 1981.

Mr. Hind To ask the Chancellor of the Exchequer what has been the growth of total fixed investment in the United Kingdom since 1981.

Mr. Fishburn To ask the Chancellor of the Exchequer what has been the growth of total fixed investment in the United Kingdom since 1981.

Mr. Bill Walker To ask the Chancellor of the Exchequer what has been the growth of total fixed investment in the United Kingdom since 1981.

Mr. David Davis To ask the Chancellor of the Exchequer what has been the growth of total fixed investment in the United Kingdom since 1981.

Mr. Major In the first three quarters of 1988 total fixed investment was 43 per cent. higher in real terms than in 1981.

Mr. Hayes To ask the Chancellor of the Exchequer what has been the ratio between the growth of investment and the growth of consumption over the past five years.

Mrs. Peacock To ask the Chancellor of the Exchequer what has been the ratio between the growth of investment and the growth of consumption over the past five years.

Mr. David Shaw To ask the Chancellor of the Exchequer what has been the ratio between the growth of investment and the growth of consumption over the past five years.

Mr. David Nicholson To ask the Chancellor of the Exchequer what has been the ratio between the growth of investment and the growth of consumption over the past five years.

Mr. Major Investment has grown over one and a half times faster than consumption over the past five years up to the third quarter of 1988.

Mrs. Roe To ask the Chancellor of the Exchequer what is his latest estimate of the growth in total investment in 1988.

Mr. Whitney To ask the Chancellor of the Exchequer what is his latest estimate of the growth in total investment in 1988.

Mr. Major Total investment was forecast in the Autumn Statement to increase in real terms by 12 per cent. in 1988.

Mr. Cousins To ask the Chancellor of the Exchequer if he will make a statement on current foreign investment and capital flows into the United Kingdom.

Mr. Doran To ask the Chancellor of the Exchequer if he will make a statement on current foreign investment and capital flows into the United Kingdom.

Mr. Major I refer the hon. Member to the reply that I gave to the hon. Member for Bridgend (Mr. Griffiths) on 23 January at column 374.

Mr. Darling To ask the Chancellor of the Exchequer if he will provide the latest available data on net flows of(a) direct investment, (b) portfolio investment and (c) banking flows into the United Kingdom in 1988.

Mr. Major I refer the hon. Member to the reply that my hon. Friend the Economic Secretary gave earlier today to the hon. Member for Edinburgh, South (Mr. Griffiths).

Mr. Robert G. Hughes To ask the Chancellor of the Exchequer what is his latest estimate of the growth in total investment in 1988.

Mr. Major Total investment was forecast in the Autumn Statement to increase in real terms by 12 per cent. in 1988.