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Production (New Capital Investment)

Volume 526: debated on Thursday 15 April 1954

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asked the Chancellor of the Exchequer whether, in future numbers of the Economic Survey, he will relate more clearly the effect on production of new capital investment.

It is not possible to isolate the effects of investment from the other factors which influence the course of production. In many cases, moreover, these do not fully mature for a considerable period.

Is my hon. Friend aware that on one page are given statistics of new investment and, two pages further on, the increase in production, yet adverse comments on private enterprise were made in the debate although it increased its output far more than the nationalised industries?

I think that the adverse comments made in the recent debate about private enterprise were fully dealt with by my right hon. Friend the Chancellor of the Exchequer.