§ Mr. Shoreasked the Chancellor of the Exchequer whether he is now able to supply the information asked for on 16th April 1973 on United Kingdom investment in the original six countries of the EEC and their investment in the United Kingdom during the calendar year 1972.
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§ Mr. NottIt is impossible to give precise figures. Reasonably accurate figures for direct investment—excluding oil—will not be available until April 1974, though some rough estimates can be made now. Moreover, inward portfolio investment includes a very large element—£142 million in 1972—for company issues abroad which cannot be analysed by country of investor. Consequently it is possible to give orders of magnitude only. Thus outward investment, excluding oil, may have been of the order of £450 million, and inward investment, excluding oil, will have been somewhere in the range of £40 million to £190 million. Most of the outward investment was financed either from reinvested profits or from foreign currency borrowing.