§ Lord Greaves
asked Her Majesty's Government:
Whether they are able to estimate the amount of money that has been removed from the United Kingdom in the past year, and its effect on the United Kingdom economy, due to legitimate Muslim-owned businesses sending funds abroad due to the present climate of opinion and events in this country. [HL1380]
§ Lord McIntosh of Haringey
The information requested falls within the responsibility of the National Statistician, who has been asked to reply.
Letter from the National Statistician, Len Cook, dated 4 February 2003.
As National Statistician I have been asked to reply to your recent question concerning outward flows of investment from the United Kingdom made by Muslim-owned businesses. (HL1380).
The Office for National Statistics (ONS) does not record details of the religion or ethnicity of the owners of assets within the UK's balance of payments estimates. The financial account (which contains the UK's investment flows) presents a sectoral breakdown of transactions, which includes information relating to private corporations. No details concerning the religion of the owners of these corporations are recorded.