§ 55. Mr. Terry Fields
To ask the Chancellor of the Exchequer what efforts he is making to bring investment in British industry to a level comparable with major competitors.
§ Mr. Norman Lamont
Business investment rose by an average of 7.3 per cent. a year between 1980 and 1988, faster by far than all the other major economies except Japan. This represents a major improvement on our position in 1970–80 when we had one of the lowest rates of investment growth relative to our major competitors.