§ Mr. LewisTo ask the President of the Board of Trade what has been the level of overseas investment into the United Kingdom for each year since 1970 at constant prices.
§ Mr. SainsburyReliable price deflators for overseas investment are not available. Figures for gross investment into the United Kingdom are also not available. Information is available only for net investment at current prices.
This information up to 1991 is contained in the Pink Books 1973, 1983 and 1993, United Kingdom balance of payments, published by the Central Statistical Office; copies are available in the Library of the House.
The information for 1992 and the first nine months of 1993 is as follows:
Net overseas investment in the United Kingdom1 current prices £ million Direct Portfolio Total 1992 10.3 20.5 230.9 31993 8.5 29.1 37.6 1 Net of disinvestment in the United Kingdom by overseas investors. 2 Discrepancy between total and its constituent elements due to rounding. 3 January to September. Source: Balance of payments press release, CSO (93) 190, 20 December 1993.