HC Deb 08 May 1973 vol 856 c95W
Mr. Meacher

asked the Chancellor of the Exchequer what the latest available annual figures are for the effect on the United Kingdom balance of payments of, respectively, exports to third parties, intra-company exports, new inward investment and retained earnings; and on the negative side of, respectively, imports from third parties, intra-company royalties and service payments, and earnings on inward investment; and what estimate he makes for each of these items if there were no inward investment.

Mr. Nott

The latest published figures are as follows: for separate figures for intra-company and other exports of goods, see "Trade and Industry" (T&I) 13th April 1972 (a similar split of imports is not available). For total inward investment, other than non-oil direct investment, see "Economic Trends" March 1973. For inward non-oil direct investment (retained earnings, other investment and remitted earnings), see T&I 30th March 1973. For intra-company royalties, see T&I 12th April 1973. For intra-company service payments, see the Pink Book "UK Balance of Payments 1972".

The last part of the Question concerns a hypothetical and extremely unlikely situation.