§ 94. Mr. Butler
To ask the Chancellor of the Duchy of Lancaster if he will make a statement on the health of manufacturing and service industries in the north-west.
§ Mr. Atkins
I am pleased to report that the manufacturing and service sectors in the north-west are both performing impressively.
At current prices, the north-west standard region's gross domestic product in manufacturing rose by almost 27 per cent. between 1984 and 1987 (from £8,653 million to, provisionally, £10,961 million) with financial and business services sector showing an increase of 48 per cent. over the same period (from £3,549 million to £5,268 million).
Major new investments programmes by companies such as Pilkington and ICI, the decision by the Sanwa and Fuji Banks to establish northern offices in the region, and the contract-winning performances by British Aerospace and Simon Engineering, are all evidence of the excellent health of the region's manufacturing and service sectors.