HC Deb 22 January 1975 vol 884 c387W
Mr. Cant

asked the Secretary of State for Trade whether, when publishing balance of payments figures, he will abandon the practice of separating the balance into the oil and non-oil deficit and follow the OECD procedure of estimating increases in net oil expenditure compared with 1973.

Mr. Deakins

No. The separation adopted in the monthly trade Press notice is a useful way of distinguishing the current net costs of oil and non-oil goods. In particular, it allows current net expenditure on oil to be compared with expenditure in 1973.