§ 29. Mr. Osborneasked the Chancellor of the Exchequer the estimated amount spent annually by the United States forces in the United Kingdom; and what effect he estimates its ending will have on the sterling-dollar exchange rate.
Mr. AmoryAround £80 million, excluding offshore sales. There is no reason to suppose that this expenditure is ending.
§ Mr. OsborneCould my right hon. Friend say what the offshore purchases are? Is it fair to say that if the policy of "Yanks, Go Home" were adopted, the people of this country would suffer materially?
Mr. AmoryThe offshore sales are sales to the United States, which passes on the arms or equipment to European nations. The value of offshore sales is, I think, somewhere about £40 million.