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Volume 175: debated on Thursday 5 July 1990

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To ask the Chancellor of the Exchequer when he last met the Confederation of British Industry; and whether levels of investment were discussed.

My right hon. Friend the Chancellor chaired the National Economic Development Council on 4 July, at which the CBI was represented. One of the topics discussed was United Kingdom investment, capacity and growth.

To ask the Chancellor of the Exchequer what he forecasts the growth in total fixed investment in 1990 will be.

My right hon. Friend's latest forecast for total fixed investment, published in the Financial Statement and Budget Report, projects a fall of 11 per cent. in 1990.