Indeed, it was. The changes that my right hon. Friend the Member for Blaby (Mr. Lawson) made in 1984 in corporation tax rates, and other benefits which resulted from the Government's policies, led to an unprecedented explosion in business investment. It is inevitable that if industrial development slows, the level of investment cannot be sustained every year. However, it is clear that even this year the investment rate will be well above that which prevailed for business generally in the 1970s in real terms. That is the key statistic.