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130.
Mr. Alex Carlile
To ask the Chancellor of the Exchequer what are the latest figures for capital investment by business.
Mr. Norman Lamont
The latest estimates of business investment are given in the table. In the two years to 1988 business investment grew by over 30 per cent. to reach £51·4 billion at constant 1985 prices. In the first three quarters of 1989 it was 12 per cent. higher than in the same period a year earlier, seasonally adjusted and at constant 1985 prices.
Business investment, seasonally adjusted at constant 1985 prices | |
£ billion | |
1986 | 39·5 |
1987 | 43·7 |
1988 | 51·4 |
1988 Q1 | 11·7 |
Q2 | 12·8 |
Q3 | 13·3 |
Q4 | 13·6 |
1989 Q1 | 13·9 |
Q2 | 14·2 |
Q3 | 14·4 |