§ Mr. Leightonasked the Chancellor of the Exchequer if he will publish in the Official Report a table showing for each year since 1970 the amount of capital invested by the United Kingdom in the rest of the EEC and the amount invested by the rest of the EEC in the United Kingdom, including figures for manufacturing, distribution, property and petroleum.
§ Mr. Lawson[pursuant to his reply, 29 November 1979, c. 781…: Information on investment transactions between the United Kingdom and the rest of the European Economic Communiy for the years from 1973 is published in table 14.1 of "United Kingdom Balance of Payments, 1979 Edition"(the Pink Book). For earlier years, figures of direct investment (other than by oil companies) by the six member countries of the EEC in the United Kingdom and by the United Kingdom in those countries are given in table 8.6 of the Pink Book.
Details of other types of investment prior to 1973 and complete, reliable information of investment in particular industries in the United Kingdom in all years are not available. The information which is available is reproduced below, including some further details of direct investment by the United Kingdom in individual industries overseas which are published in Business Monitors M4 (1975 and 1976) and MA4 (1977).
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NET UNITED KINGDOM TRANSACTIONS WITH COUNTRIES AND INSTITUTIONS OF THE EUROPEAN COMMUNITIES* £ million 1970 1971 1972 1973 1974 1975 1976 1977 1978 Overseas investment in United Kingdom public sector† .. .. .. +166 +295 +271 +775 +743 +47 Overseas investment in United Kingdom private sector: Direct (excluding oil companies) +55 +37 +39 +112 +76 +97 +162 +292 +643 Other‡(including oil companies) .. .. .. +522 +632 +600 +379 +494 United Kingdom private investment overseas: Direct (excluding oil companies, including public corporations) -78 -263 -223 -519 -364 -151 -490 -374 -811 of which, in manufacturing -55 -171 -108 -273 -166 -108 -286 -314 in distribution -18 -40 -75 -82 -74 -34 -95 -107 in property .. .. +8 +7 -11 +13 -47 +15 Other§ (including oil companies) .. .. .. -130 -304 -112 -28 -15 Investment is shown net of disinvestments. Liabilities: increase +/decrease-. Assets: increase -/decrease +. * Six countries in 1970–1972; eight countries in 1973–1978; † Largely transactions in gilts with private overseas residents and borrowing overseas by public corporations and local authorities. ‡Includes portfolio investment, net borrowing from banks, etc., overseas other than through United Kingdom banks and miscellaneous investment. § Includes portfolio and miscellaneous investment. .. Not available.