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Investment

Volume 467: debated on Tuesday 13 November 2007

To ask the Chancellor of the Exchequer what the (a) net and (b) gross rate of (i) tangible and (ii) intangible investment was in each year since 1997. (162308)

The information requested falls within the responsibility of the National Statistician, who has been asked to reply.

Letter from Karen Dunnell, dated 13 November 2007:

As National Statistician, I have been asked to reply to your recent Parliamentary Question on what the (a) net and (b) gross rate of (i) tangible and (ii) intangible investment was in each year since 1997. (162308)

The information available is shown in the table 1 below (the four letter codes in brackets are ONS series identifiers). Net investment series are not produced but figures for capital consumption are presented in table 2 and can be used at current prices to derive net investment, which is presented in table 3.

More information about capital consumption is available in the 'Capital Stocks, Capital Consumption and Non-Financial Balance Sheets 2007' publication, available on the National Statistics website at:

http://www.statistics.gov.uk/StatBase/Product.asp?vlnk=10730&Pos=&ColRank=1&Rank=272

Table 1: Gross fixed capital formation

£ million

Tangible

Intangible

Transfer costs

Total GFCF

CP

CVM

CP

CVM

CP

CVM

CP

CVM

(EQCQ)

(EQDS)

(DLXP)

(EQDT)

(DFBH)

(DFDW)

(NPQX)

(NPQR)

1997

123,732

122,854

8,936

10,438

5,639

12,951

138,307

144,472

1998

140,524

142,732

9,461

10,742

6,012

12,098

155,997

164,249

1999

143,987

145,621

10,023

11,079

7,712

13,088

161,722

169,117

2000

147,681

148,509

10,670

11,445

8,821

12,810

167,172

173,710

2001

150,323

152,571

11,326

11,742

10,133

12,960

171,782

178,203

2002

155,527

157,257

12,614

12,371

12,410

14,097

180,551

184,701

2003

160,790

160,790

13,850

13,850

12,060

12,060

186,700

186,700

2004

170,644

167,152

14,164

14,457

17,452

16,046

202,260

197,655

2005

180,550

172,672

14,387

14,077

16,925

13,904

211,862

200,654

2006

196,438

185,879

15,485

14,960

21,587

16,247

233,510

217,085

Table 2: Capital consumption

£ million

Tangible

Intangible

Transfer costs

Total

CP

CP

CVM

CP

CVM

CP

CVM

(EXCT+GRSH+GRSN+GRST)

(BGUC)

(GRYP)

(EXCU)

(EXDH)

(NQAE)

(CIHA)

1997

82,351

7,189

8,576

5,639

12,950

95,179

101,460

1998

84,763

8,186

9,051

6,012

12,096

98,961

105,466

1999

88,849

8,946

9,586

7,712

13,087

105,507

110,533

2000

92,843

9,587

10,066

8,821

12,809

111,251

114,722

2001

95,407

10,256

10,565

10,133

12,960

115,796

118,072

2002

98,477

11,027

11,186

12,410

14,097

121,914

123,405

2003

101,729

11,764

11,764

12,060

12,060

125,553

125,553

2004

105,161

12,571

12,236

17,452

16,047

135,184

133,203

2005

108,331

13,098

12,745

16,925

13,903

138,354

133,706

2006

112,248

13,885

13,300

21,587

16,248

147,720

139,227

Table 3: Net fixed capital formation

£ million

Tangible

Intangible

Transfer costs

Total

CP

CP

CP

CP

EQCQ-(EXCT+GRSH +GRSN+GRST)

(DLXP-BGUC)

(DFBH-EXCU)

(NPQX-NQAE)

1997

41,381

1,747

0

43,128

1998

55,761

1,275

0

57,036

1999

55,138

1,077

0

56,215

2000

54,838

1,083

0

55,921

2001

54,916

1,070

0

55,986

2002

57,050

1,587

0

58,637

2003

59,061

2,086

0

61,147

2004

65,483

1,593

0

67,076

2005

72,219

1,289

0

73,508

2006

84,190

1,600

0

85,790

Notes: 1. CP = Current prices. Prices in nominal terms. 2. CVM = Chained volume measures. Real terms. 3. CVM values are non-additive prior to the base year, 2003.