§ Mr. Harold Walker
asked the Chancellor of the Exchequer what is his estimate of the aggregate value of privately owned fixed capital assets in Great Britain at the most recent date for which figures are available; and how this compares with the figure for the same date 12 months earlier.
§ Mr. Higgins
The latest available figures are those for the United Kingdom published in Table 64 of the Blue Book "National Income and Expenditure 1971" which show that the value of fixed assets (excluding land) held by the personal sector and by companies was estimated at £64,700 million at the end of 1970, compared with £57,800 million a134W year earlier. These estimates are at current replacement cost (after deducting depreciation) and the increase therefore includes the effect of increases in the value of existing assets as well as new investment.