§ Mr. Williams
asked the Secretary of State for Trade and Industry on the basis of the revised assessment of the value of invisible earnings, how many times and in which months, in 1986 the balance of payments was in deficit; and if he will give the revised figures for each month.
§ Mr. Alan Clark
The information is as follows:
United Kingdom balance of payments current account 1986 £ million, seasonally adjusted January 976 February 187 March -481 April 231 May -200 June -126 July -12 August -735 September -184 October -100 November -384 December -272
The invisibles component of these figures is estimated on a quarterly basis, the monthly figures are one third of the appropriate calendar quarters estimate.