§ Mr. Denzil DaviesTo ask the Chancellor of the Exchequer what was the United Kingdom's surplus/deficit in its trade in manufactured goods with the rest of the EEC, in volume terms, in each of the financial years from 1981 to the latest available year; and what is Her Majesty's Government's forecast for the current financial year.
§ Mr. Lawson[holding answer 8 November 1988]: The figures requested are available only in value terms and are presented in the table. Forecasts of trade with the EEC are not prepared.
The United Kingdom's balance of trade in manufactured goods with the rest of the European Community £ million (BOP basis not seasonally adjusted) 1981–82 -3,468 1982–83 -5,084 1983–84 -7,640 1984–85 -8,200 1985–86 -9,210 1986–87 -9,765 1987–88 -11,030
§ Mr. Denzil DaviesTo ask the Chancellor of the Exchequer what was the United Kingdom's (i) balance of 251W payments and (ii) balance of trade surplus/deficit in volume terms with the rest of the EEC in each of the financial years from 1981 to the latest available year; and what is Her Majesty's Government's forecast surplus/deficit for the current financial year.
§ Mr. Lawson[holding answer 8 November 1988]: The United Kingdom's current account balance with the rest of the EEC is only available in value terms and on a calendar year basis. The visible trade balance with the rest of the EEC is available on a financial year basis but again only in value terms. These figures are presented in the table. Forecasts of trade with the EEC are not prepared.
Balance with the European Community (£ million) Current Account Visible trade (BOP basis not seasonally adjusted) 1981 973 1981–82 -721 1982 -154 1982–83 -1,161 1983 -948 1983–84 -2,889 1984 -2,317 1984–85 -2,535 1985 -2,856 1985–86 -3,538 1986 -8,831 1986–87 -8,582 1987 -13,165 1987–88 -10,518