§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer what action he proposes the Bank of England should take to reduce the rate of profit made by firms in the City of London to the same level as the import competing and export industries.
§ Mr. NelsonNone. Financial services are themselves import competing and exporting. They made a positive contribution of £15.6 billion to the United Kingdom balance of payments in 1993.