HC Deb 16 April 1991 vol 189 cc141-2W
Mr. Lawson

To ask the Chancellor of the Exchequer, further to his answer of 22 March,Official Report, column 268, on overseas investment, if he will provide a similar table for investment from outside the EC only.

Mr. Norman Lamont

[holding answer 15 April 1991]: Complete information on inward investment in the European Community from outside the EC is not available. However, the Statistical Office of the European Communities, in a recent study, made estimates of foreign direct investment in EC member states, adjusted to exclude intra-EC flows. These estimates exclude reinvested profits because a number of member states do not compile such information. The figures for the United Kingdom given in the table below are therefore on a different basis from those published by the CSO. The information is as follows:

Inward net foreign direct investment (excluding reinvested profits) in the EC (Excluding intra-EC investments)
million ECU
1984 1985 1986 1987 1988
In EC 6,177 5,637 6,840 12,578 14,278
of which:
In United Kingdom 1,995 623 3,324 4,986 4,562
United Kingdom as percentage of EC Total 32 11 49 40 32

Source: Eurostat estimates.