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Manufacturing Investment

Volume 175: debated on Monday 2 July 1990

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To ask the Chancellor of the Exchequer what factors led to the revision of the figures for manufacturing investment in the north-east for the years 1979 to 1987 between the answer of the Secretary of State for Trade and Industry to the hon. Member for Sunderland, South of 6 June 1989, Official Report, column 70, and his answer of 25 June 1990.

[holding answer 28 June 1990]: The figures have not been revised. As stated in these replies the information provided on 6 June 1989 was based on constant 1985 prices while that provided on 25 June was based on current prices. The earlier constant price figures used price indices which are applicable to manufacturing investment for the United Kingdom as a whole. The Central Statistical Office, which now has responsibility for the figures, considers these may be inappropriate for individual regions because of the different mix of industries and the possibility of differing prices and price movements in each. There are no regional price indices.