Balance of Payments

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 27th October 1988.

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Photo of Mr Nigel Lawson Mr Nigel Lawson The Chancellor of the Exchequer 12:00 am, 27th October 1988

We are having at the moment in this country the greatest investment boom that we have known for a very, very long time, with manufacturing industry leading the way. Not only is there more investment going on, but it is profitable investment—really profitable investment—with a good rate of return on capital. That is something that we never had in the past, and badly lacked.

New businesses are being created net of those which have failed and those which have died. New businesses are being created this year at the rate of over 1,000 a week—every week this year. That is far higher than we have ever known before.