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Mr. Sean Hughes
asked the Chancellor of the Exchequer if he will make a statement about the level of net investment in manufacturing over the period 1978 to present.
Mr. Peter Rees
Published figures for net investment in manufacturing do not reflect the growth of lease financing in recent years. They also rest on accounting judgments about asset lives. Gross business investment is at an all time high and that in manufacturing grew by 14 per cent. last year.