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Mr. Harry Greenway
To ask the Chancellor of the Exchequer if he will make a statement on current levels of investment.
Mr. Norman Lamont
Total investment in 1989 was at record levels. Since 1979 total investment has increased by over 40 per cent. or an average of 3½ per cent. a year. This compares to the last Labour Government's record where investment grew by an average of only ¼ per cent. a year.