§ Mr. BattleTo ask the Chancellor of the Exchequer if he will list the inward investment by the United Kingdom from(a) Japan, (b) the United States of America and (c)Korea, for each year from 1978 to 1991, (i) in real terms at 1991 prices, (ii) as a proportion of total capital investment in the United Kingdom and (iii) as a proportion of total capital investment in the EC.
§ Mr. Mellor[holding answer 13 February 1992]: The information available on net inward investment in the United Kingdom by Japanese and United States companies is expressed at 1990 prices by adjusting the actual investment by the changes in the latest available implied gross domestic product deflator; and as a percentage of total investment by all other countries in the United Kingdom.
Information for investment in 1990 will be available in the next month or so. Information for investment by Korea is not available.
Year Japanese net investment (£ million, 1990 prices) Per cent. US net investment(£ million, 1990 prices) Per cent. 1978 -10 — 321 64.2 1979 23 2.9 452 57.1 1980 8 0.6 1,039 75.2 1981 105 17.7 71 11.9 1982 -31 — 206 27.9 1983 117 8.2 775 54.8 1984 -4 — 1,079 — 1985 94 3.3 1,282 44.8 1986 34 0.9 989 26.1 1987 657 10.0 1,018 15.4 1988 768 8.9 375 4.4 1989 1,121 7.3 5,344 34.8 Source: Central Statistical Office
Notes:
1. Net investment comprises investment less disinvestment and includes unremitted profits as net investment.
2. A minus sign indicates net disinvestment. In 1984 there was overall a net disinvestment by overseas companies in the UK.
3. Data prior to 1984 exclude oil companies.
166WFully comparable information on direct inward investment in the European Community (EC) from outside the EC is not available. However, Organisation for Economic Co-operation and Development estimates of United States and Japanese direct investment in the UK as a percentage of direct investment in all EC countries show:
Percentage Years United States Japan 1982–84 53 19 1985–87 34 34 1988–89 62 42