HC Deb 26 January 1978 vol 942 cc773-5W
Mr. Woof

asked the Chancellor of the Exchequer how much foreign currency has been loaned to the Government; and if he will give an estimate of the amount of foreign currency loaned to banks and

£ million
Gross contribution 1,120
Receipts 460
Net contribution 660

These estimates supersede those given in "The Government's Expenditure Plans, 1978–79 to 1981–82" (Cmnd. 7049).

The total receipts from the Community budget to the United Kingdom from 1973 to 30th September 1977 amount to £1,170 million.

Mr. Woof

asked the Chancellor of the Exchequer if he will give the amount of money which the EEC has a commitment to pay to the United Kingdom, and the amount of money which the United Kingdom has a commitment to pay to the EEC, in each case at the latest convenient date, together with an indication of the amount already paid.

Mr. Joel Barnett

The latest estimates of the United Kingdom's contribution to, and receipts from, the Community budget were given in my reply to my hon. Friend the Member for Newham, South (Mr. Spearing) on 12th January.—[Vol. 941, c.792–3.] Contributions by the United Kingdom to the Community budget between 1st January 1973 and 31st December 1977 totalled £1,903 million. The United Kingdom's actual receipts from the Community budget, together with the amounts committed to the latest available date, are as follows:

other financial institutions in the United Kingdom, to the latest available date.

Mr. Robert Sheldon

Foreign currency borrowing from abroad by Her Majesty's Government which was outstanding at the end of December 1977 amounted to $12.8 billion. It is not possible to state the amount of foreign currency borrowed by financial institutions other than banks. The latest available figures relating to banks in the United Kingdom—British and foreign—are for 14th December 1977. These show that the total amount of bank deposits in foreign currency was £120,739 million, of which £80,720 million was accounted for by overseas residents' sight and time deposits.

£ million
1975 1976 1977 (January-September)
Protective Duty and Agricultural Levies 120.9 160.0 200.1
VAT on confectionery, ice cream and soft drinks 125.0* 145.0* 130.0*
245.9 305.0 330.1*
The figures for 1977 are not yet available.
*Estimated figure, excluding VAT on food supplied in the course of catering and on alcoholic drink.