HC Deb 23 September 1948 vol 456 cc136-7W
Mr. Peart

asked the Secretary to the Treasury what was the balance-of payments deficit of the United Kingdom in each half of 1946 and 1947.

Mr. Jay

The following are the figures, which are consistent with those in Table I of Cmd. 7520:

U.K. BALANCE OF PAYMENTS ON CURRENT ACCOUNT.
— Imports f.o.b. Exports and re-exports f.o.b. Balance on visible trade £ millions.
Invisibles (net) Total
1946:
1st half … … … 502 392 - 110 - 120 - 230
2nd half … … … 590 498 - 92 - 48 - 140
1947:
1st half … … … 725 511 - 214 - 121 - 335
2nd half … … … 815 591 - 224 - 71 - 295

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