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South Africa

Volume 173: debated on Tuesday 5 June 1990

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To ask the Chancellor of the Exchequer what representations he has made to the International Monetary Fund about the need for further debt reduction for front-line states in South Africa; and if he will make a statement.

To ask the Chancellor of the Exchequer what plans he has to meet representatives of the front-line South African states to discuss debt reduction.

My right hon. Friend has no plans to meet representatives of the front-line South African states.

United Kingdom manufacturing investment (including leased assets) £ million 1985 prices
YearActual investmentDifference from 1978–79 average1979 investment projected at 1974–79 average rate of change (2·1 per cent.)Difference from actual level1979 investment projected at year on year percentage changes1 for:
(a)(a)—£10,937(b)(a)—(b)JapanFranceUSAWest GermanyOECD2
197911,158+22111,158311,15811,15811,1583
19809,920-1,01711,392-1,472311,95011,30111,9393
19817,735-3,20211,631-3,896311,10210,20511,3833
19827,603-3,33411,875-4,272310,4478,36810,3023
19837,541-3,39612,125-4,584310,1659,84910,4463
19848,922-2,01512,379-3,457310,29711,10010,3003
198510,264-67312,639-2,375310,9669,99011,6803
19869,654-1,28312,905-3,251311,31710,07012,7893
198710,142-79513,176-3,034312,0873
198811,334+39713,453-2,11933
198912,043+1,10613,735-1,69233

1 Source: OECD National Accounts Volume 2 1974–87. The percentage changes are based on figures, at 1980 prices, of gross fixed capital formation by owners engaged in manufacturing. The coverage is therefore not exactly comparable to the United Kingdom figures which differ, in particular, by the inclusion of leased assets.

2 Figures of gross fixed capital formation in manufacturing are not available for a number of OECD countries. It is not possible to produce average change figures covering the group of countries for which figures are available because all figures are expressed in national currencies.

3 Not available.