Business: Capital Investment

Treasury written question – answered on 14th January 2014.

Alert me about debates like this

Photo of Sammy Wilson Sammy Wilson Shadow DUP Spokesperson (Treasury)

To ask the Chancellor of the Exchequer

(1) what estimate he has made of the (a) level and (b) value of business capital investment in the UK in each of the last three years;

(2) what the value of business capital investment in Northern Ireland was in each of the last three years.

Photo of Nicky Morgan Nicky Morgan The Economic Secretary to the Treasury

The Office for National Statistics (ONS) publishes data on UK business investment. The latest estimates published in December 2013 show that business investment was £122 billion in 2010, £120 billion in 2011 and £125 billion in 2012 in real terms. The equivalent figures in current prices were £121 billion (2010), £123 billion (2011) and £128 billion (2012).

The Office for Budget Responsibility expects business investment growth to strengthen in future years, consistent with the strengthening investment intentions seen in recent survey data, with growth of 5.1% in 2014, 8.6% in 2015 and rising to 8.9% in 2017.

The ONS does not publish a geographic breakdown of business investment data.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.