HC Deb 13 December 1966 vol 738 cc45-6W
Mr. Bruce-Gardyne

asked the Chancellor of the Exchequer what is his latest estimate of the total net cost to date, direct and indirect, to the United Kingdom balance of payments, of the cessation of trade and payments between Great Britain and Rhodesia and of economic support for Zambia, together with the additional cost of foodstuffs, tobacco and raw materials traditionally purchased from Rhodesia or Zambia and now bought from alternative sources of supply; and what estimate he has now made of the corresponding figures for 1967.

Mr. Callaghan

The direct costs to the Exchequer are to date about £16 million.

United Kingdom exports to Rhodesia from January to October, 1966, were a little over £2 million compared with a little under £27 million in the first 10 months of 1965.

These are gross figures. I cannot give a reliable estimate of the total cost to the balance of payments, when all other factors are taken into account.