HC Deb 26 February 1980 vol 979 cc523-4W
Mr. Dormand

asked the Chancellor of the Exchequer what was the amount of capital outflow from the United Kingdom in each of the years since becoming a member of the European Economic Community.

Mr. Lawson

[pursuant to his reply, 21 February 1980, c. 344]: It is possible to express capital outflows in a number of ways as they comprise a wide variety of transactions: some general information is contained in Table 1.3 of the 1979 edition of United Kingdom Balance of Payments published by the Central Statistical Office—the Pink Book. Quarterly articles on this subject are also published in Economic Trends.

To take one possible definition, the net flow on investment and other capital transactions in the years since 1973 was as follows (inflows shown as +):

Year £ million
1973 +148
1974 +1606
1975 +126
1976 -3016
1977 +4406
1978 -2987
1979 (first 3 quarters) +3126

(Source: Economic Trends, December 1979)

These figures represent the net outcome of various inward and outward flows in both the private and public sectors.

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