§ Mr. RedwoodTo ask the Chancellor of the Exchequer what impact payments to the EEC had on the invisible trade balance in(a) December 1988 and (b) 1988 as a whole.
§ Mr. MooreInvisible trade figures are collected only on a quarterly basis. In the fourth quarter of 1988 the invisible trade balance showed a surplus of £821 million after unusually high net payments to the EEC of £840 million. For 1988 as a whole, net payments to the EEC were £1,442 million and invisible trade recorded a surplus of £5,892 million.