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Investment And Research

Volume 205: debated on Friday 6 March 1992

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To ask the Chancellor of the Exchequer if he will list in detail the action taken by Her Majesty's Government to encourage investment and research.

The key role played by the Government in encouraging investment and research is a commitment to a stable, low-inflation environment, to free and open markets and a lack of burdensome social and industrial regulation. There is, however, a role for Government support where there is evidence of market failure.Full details of the Government's schemes for encouraging investment and research can be found in the recently published departmental reports for 1992–93 and in the annual review of Government-funded research and development, copies of which are available in the House of Commons Library.