HC Deb 22 July 1980 vol 989 c151W
Mr. Steen

asked the Chancellor of the Exchequer what is his estimate of the total annual sum currently being sent out of the United Kingdom annually in the form of public and private aid and investment.

Mr. Lawson

[pursuant to his reply, 21 July 1980, c. 32]: Total net flows to developing countries in 1979 were as follows:

£ million
Official development assistance 974
Other official flows 64
Total official flows 1038
Flows from voluntary agencies 27
Direct investment and sterling portfolio investment 748
Foreign currency lending 2975
Total flows (excluding private export credits). 4788


  1. (i) figures for private export credit are not yet available.
  2. (ii) the figure for official development assistance is on the new DAC basis, which covers the deposit of promissory notes rather than their encashment.

Total United Kingdom private investment overseas in 1979 was as follows:

£ million
Direct investment overseas 2807
Portfolio investment overseas Oil companies and other 867
miscellaneous investment 2460

Further details of these and other flows are given in Economic Trends for June 1980, and in the United Kingdom Balance of Payments 1979 edition (the "Pink Book").