To ask the Secretary of State for Transport if he will publish a table showing the level of railway investment on a comparable basis in each year from 1974 to date.
British Railways Board's railway investment is as follows, in constant 1990–91 prices:
£ million
| |
| 1974 | 492 |
| 1975 | 534 |
| 1976 | 506 |
| 1977 | 502 |
| 1978 | 484 |
| 1979 | 489 |
| 1980 | 512 |
| 1981 | 432 |
| 1982 | 362 |
| 1983 | 353 |
11984–85 | 421 |
| 1985–86 | 504 |
| 1986–87 | 486 |
| 1987–88 | 601 |
| 1988–89 | 612 |
| 1989–90 | 741 |
1 1984–85 was a 15-month accounting period. The 12-month equivalent is given; the actual figure (in 1990–91 prices) was £526 million. | |
Note: Railway investment includes track, signalling, locomotives, rolling stock, stations and railway facilities. Expenditure by subsidiaries, and on non-operational land and continuously welded rail (CWR), are excluded. Figures are drawn from BR Annual Reports and Accounts, adjusted to exclude CWR between 1974 and 1979, and adjusted to 1990–91 prices using published GDP deflators.