Balance of Payments (Seamen's Strike)

HC Deb 01 December 1966 vol 737 cc138-9W

69. Mr. Alison

asked the Chancellor of the Exchequer if he will quantify the effect on the current balance of payments of the 1966 seamen's strike.

Mr. Diamond

I cannot give a precise figure, but the seamen's strike was certainly responsible for most of the deterioration in our current account balance between the first and second quarters of 1966. Much of the loss has been made good since.