HC Deb 13 November 1996 vol 285 cc230-1W
Mr. Renton

To ask the President of the Board of Trade what estimate he has made of the trade deficit with the Federal Republic of Germany in(a) visibles and (b) invisibles for 1996; and what were the equivalent figures for (i) 1995 and (ii) 1994. [3868]

Mr. Lang

The UK current account balances with unified Germany, for 1994, 1995 and the first eight months of 1996, are given in the table.

£ million
1994 1995 1996 (January-August)
Goods -4,669 -5,960 -4,392
Services +462 +638 n/a
Investment income +46 +293 n/a
Transfers +28 +35 n/a

Sources:

1. Geographic Analysis of the Current Account of the Balance of Balance of Payments, Economic Trends, October 1996, Office of National Statistics.

2. Monthly Review of External Trade Statistics, August 1996, Office for National Statistics.

Note:

n/a = not available.