§ Mr. Sillars
asked the Chancellor of the Exchequer what is his estimate of the net foreign borrowing in the past financial year.
§ Mr. Dell
I assume that the hon. Member is referring to foreign currency 473W borrowing for domestic purposes by the public sector and Her Majesty's Government. This totalled some $4,710 million in 1974–75, including the $2.5 billion loan from the clearing banks.
Details of the capital account of the balance of payments, including sterling inflows, for the last three quarters of 1974 are given in the March edition of "Economic Trends" to be published within the next week.