Trading and Capital Account Deficit

HC Deb 05 June 1990 vol 173 c400W

Mr. Allen

To ask the Chancellor of the Exchequer how the total trading and capital account deficit which has accumulated since 1979 has been financed.

Mr. Norman Lamont

The available information on the current account (trade in goods and services, investment income and transfers) and on the capital account (transactions in external financial assets and liabilities) of the balance of payments are given in table A 1 ofEconomic Trends, March 1990 (page 79), a copy of which is in the Library.

Mr. Allen

To ask the Chancellor of the Exchequer what is the total deficit accumulated since 1979 because of capital account deficits on the balance of payments.

Mr. Norman Lamont

The available information on the capital account of the balance of payments (transactions in external financial assets and liabilities) is given in table A8 ofEconomic Trends, March 1990 (page 88), a copy of which is in the Library.