§ Lord Marlesfordasked Her Majesty's Government:
Whether they can estimate the net contribution to the United Kingdom's balance of payments from Lloyd's of London in each of the most recent 10 years for which figures are available.
§ The Parliamentary Under-Secretary of State, Ministry of Defence (Lord Henley)Information relating to the contribution to the current account of the balance of payments of Lloyd's of London from 1985 to 1994 can be derived from data available on the Central Statistical Office database, which can be accessed by the Library. The estimates for underwriting services include receipts for management 97WA services provided to overseas members of Lloyd's syndicates. Estimates for earnings on portfolio investment overseas include income on funds which are held overseas to support business underwritten in those countries. This income is net of earnings distributed to Lloyd's overseas members.