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Private Industry (Capital Investments)

Volume 531: debated on Thursday 29 July 1954

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asked the Chancellor of the Exchequer what information he can give about current rates of capital investments in private industry.

I regret that I have no current figures. The figures for 1953 were published in the Economic Survey, 1954.

Is the hon. Gentleman unable to give us any indication of the effect of the Budget and its investment allowances on the rate of capital investment?

I think it is too early in July to hope for evidence of the effects of the Budget on investment through the investment allowances. It takes a little while for investment allowances to bear fruit through the building of plant.