§ Ms HarmanTo ask the Chancellor of the Exchequer (1) if he will publish a table setting out the total foreign exchange liabilities, broken down by currency, of companies liable to United Kingdom corporation tax;
107W(2) if he will publish a table setting out the total foreign exchange liabilities of companies liable to United Kingdom corporation tax, broken down by category of business of those companies;
(3) what estimate he has made of the ratio of foreign exchange liabilities of companies liable to United Kingdom corporation tax to their total liabilities.
§ Mr. DorrellComprehensive information is not available in the form requested. But information is given on total financial liabilities and foreign currency lending from United Kingdom banks along with a breakdown of foreign currency bank lending. Dollars represent the main foreign currency for bank lending.
Liabilities at end 1992 Q4 (£ billion) Total Lending by banks Industrial and commercial sector 1,117.3 36.9 Other financial institutions 1,108.5 28.3 Source: Financial Statistics May 1993, Tables 14.6 and 14.7
As regards the industry breakdown, information is available only on foreign currency lending by United Kingdom banks to United Kingdom residents. This is given for March 1993.
£ million Energy and Water supplies 4,649 Construction 1,956 Garages distribution, hotels and catering 8,750 Transport and communications 2,948 Manufacturing industry 11,615 Agriculture, forestry, fishing 94 Financial 32,009 Business and other services (excluding central and local government services) 5,325 Total of above 67,346 Source: Bank of England Press Notice 14 May 1993.