§ Mr. Ian Lloyd
asked the Chancellor of the Exchequer what forecast his Department has made of the movement in total United Kingdom external sterling liabilities over the period for which balance of payments forecasts have been made for the International Monetary Fund.
§ Mr. Roy Jenkins
I cannot give a forecast of movements in United Kingdom sterling liabilities. These will depend on many external factors, including interest rates and other monetary conditions abroad, the state of confidence, and the overall balance of payments in other countries, particularly in the overseas sterling area.