HC Deb 27 June 1972 vol 839 c280W
31. Mr. Biffen

asked the Chancellor of the Exchequer what is the latest estimate he has formed of the balance of trade and net capital movements for the current year; and what is the expected impact on the exchange rate of sterling.

Mr. Barber

The current account was in surplus in the first five months of this year, and I expect a surplus for the year as a whole. Visible trade should improve in the coming months reflecting the generally expected recovery in world trade. We do not publish forecasts about the capital account.