HC Deb 12 June 1978 vol 951 cc340-1W
Mr. Nicholas Winterton

asked the Chancellor of the Exchequer what was the annual average net balance of payments of Great Britain at 1970 prices for each of the years 1969 to the first quarter of 1978.

Mr. Robert Sheldon

Goods, services and net property income from abroad

£ million
Calendar year Exports of goods and services Imports of goods and services Balance of goods and services Net property income from abroad
1969 10,862 10,559 +303 +530
1970 11,466 11,101 +365 +556
1971 12,323 11,660 +663 +486
1972 12,500 12,840 -340 +499
1973 13,967 14,393 -426 +1,002
1974 14,816 14,681 +135 +702
1975 14,357 13,689 +668 +427
1976 15,431 14,207 +1,224 +590
1977 16,516 14,858 +1,658 +142
First quarter 1978 (seasonally adjusted) 4,184 3,985 +199 +38

Transfer payments by both the Government and private sectors, which also form part of the balance of payments current account, are available only on a current price basis.