HC Deb 29 February 1984 vol 55 cc190-1W
Mr. Austin Mitchell

asked the Secretary of State for Trade and Industry whether he will publish in the Official Report a table showing (a) for the world and (b) far the European Economic Community the value of net inward investment for each year since 1960 at (i) current and (ii) 1983 prices; and if he will provide corresponding figures for net outward investment and the surplus or deficit over the net inward investment.

Mr. Trippier

The available information is only in current prices and is:

United Kingdom Inward Direct Investment United Kingdom Outward Direct Investment Outward-Inward
World EC World EC World EC
1965 196.6 14.6 308.3 47.3 + 111.7 + 32.7
1966 195.5 11.2 276.1 47.6 + 80.6 + 36.4
1967 170.2 53.5 280.9 38.7 + 110.7 - 14.8
1968 274.1 25.6 409.7 77.1 + 135.6 + 51.5
1969 322.1 33.9 548.9 126.7 + 226.8 + 92.8
1970 363.2 61.4 546.2 94.5 + 183.0 + 33.1
1971 450.3 38.9 675.5 287.4 + 225.2 + 248.5
1972 407.5 43.5 736.8 244.3 + 329.3 + 200.8
1973 734.4 111.6 1,620.8 522.7 + 886.4 + 411.1
1974 853.7 75.5 1,575.5 363.7 + 721.8 + 288.2
1975 615.4 98.0 1,171.2 168.0 + 555.8 + 70.0
1976 798.9 176.4 2,144.8 497.4 + 1,345.9 + 321.0
1977 1,326.0 268.2 1,884.8 385.2 + 558.8 + 117.0
1978 1,261.1 291.0 2,709.7 584.8 + 1,448.6 + 293.8
1979 1,793.2 253.1 2,776.7 29.5 + 983.5 - 223.6
1980 2,573.2 157.1 3,430.0 477.0 + 856.8 + 319.9
1981 901.7 66.3 5,103.6 8100 +4,201.9 + 743.7

Notes:

(1) Figures for Outward Direct Investment include banking and insurance but exclude oil in all years.

(2) Figures for Inward Direct Investment include banking and exclude oil in all years; insurance is included only from 1969.

(3) EC includes Denmark, Irish Republic and Greece in all years.

Source: Overseas Transactions Inquiry.

Mr. Austin Mitchell

asked the Secretary of State for Trade and Industry whether he will publish in the Official Report a table showing for each of the past five years net inward and outward investment in (a) manufacturing and (b) all industries excluding oil, but excluding retained profits, windfall profits arising out of taxation or accounting changes and so far as possible the purely monetary transactions between parent companies and their subsidiaries, and so on.

Mr. Trippier

The available information is published in tables 1.4 and 2.4 ofBusiness Monitor MA4 1981 a copy of which is in the Library.

Mr. Austin Mitchell

asked the Secretary of State for Trade and Industry what proportion of (a) United States of America and (b) Japanese inward investment in the United Kingdom, excluding retained profits, was allocated to manufacturing production in each of the past three years; and if he will provide similar figures which exclude intra-group loans and windfall profits arising out of taxation or accounting changes as well as retained profits.

Mr. Trippier

The available information is published in tables 4.5 and 4.6 ofBusiness Monitor MA4, 1981 a copy of which is in the Library.