§ Mr. Austin Mitchellasked the Chancellor of the Exchequer what was the total of foreign investment in the United Kingdom in each of the years 1979, 1980 and 1981; and if he will estimate the effect the inflow of capital had on the rate of exchange for sterling.
§ Mr. Bruce-GardyneThe most recent figures for overseas investment were published on 8 June in table I of the CSO press notice on the 'United Kingdom balance of payments in the first quarter of 1982'. It is not possible to provide a reliable estimate of the exchange rate effect of overseas investment, which will be influenced by many factors including the type of funds used to finance the investment.