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 – 6 July 1989

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Below is the text of Mr Major’s written Parliamentary Answer on Investment on 6th July 1989.

Mr. Burt To ask the Chancellor of the Exchequer what share of gross domestic product was accounted for by business investment in 1988.

Mr. Nicholas Winterton To ask the Chancellor of the Exchequer what share of gross domestic product was accounted for by business investment in 1988.

Mr. Simon Coombs To ask the Chancellor of the Exchequer what share of gross domestic product was accounted for by business investment in 1988.

Mr. Major Business investment, as defined in the “Financial Statement and Budget Report”, accounted for 14.6 per cent. of GDP in 1988. This is the highest proportion of GDP ever recorded.