§ Mr. Parkinson
The United Kingdom had a crude trade surplus in manufactured goods with the EEC (6) of £161 million in 1970, and a deficit of £2,552 million in 1978. Figures for 1979 have been distorted by the effects of industrial action. The published deficit in the first quarter is £927 million. Because of the distortions, which are likely to over-state the underlying position, I do not consider that the conversion to an annual rate is meaningful.