Lloyd's Underwriters: Special Reserve Funds

Part of Orders of the Day — Finance (No. 2) Bill – in the House of Commons at 8:19 pm on 13th July 1993.

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Photo of Stephen Dorrell Stephen Dorrell The Financial Secretary to the Treasury 8:19 pm, 13th July 1993

Perhaps the hon. Gentleman would like to remind the House also that business investment in plant and machinery, which he says will fall this year, is now 50 per cent. higher in real terms than in 1979, and that total business investment, as the recession is coming to an end, is still higher than it was at any time during the 1960s and 1970s measured as a percentage of gross domestic product.