§ Mr. Kenneth Clarke
The total cost to the taxpayer of keeping British Shipbuilders merchant shipbuilding business alive since 1979 has been over £1,850 million. The 79W accrued losses on a profit and loss basis, excluding the warship yards and Scott Lithgow, have been approximately £1,050 million.
United Kingdom Balance of Trade in Manufactures 1 £ billion Balance of payments basis Overseas trade statistics basis European Community Rest of world European Community Rest of world Twelve months to: March 1988 210½ 22 -11.6 +0.7 April 1988 .. .. -11.9 +0.2 1 Standard International Trade Classification (Rev. 3) Sections 5 to 8 2 Estimate .. Not available
Note: Figures on a balance of payments basis are available only quarterly. On the overseas trade statistics basis imports, but not exports, include the cost of insurance and freight charges.
Source: United Kingdom Overseas Trade Statistics.
Department of Trade and Industry.