Orders of the Day — Budget Resolutions and Economic Situation

Part of the debate – in the House of Commons at 5:01 pm on 17th March 1988.

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Photo of Mr David Ashby Mr David Ashby , North West Leicestershire 5:01 pm, 17th March 1988

Does my right hon. and learned Friend also agree that the reason for part of this deficit may be that companies, foreseeing a great future for this country, have been looking for new machinery for their companies and much of this machinery is foreign—German or Japanese—so that it is really investment for the future that we are seeing as well?