§ Sir W. Teelingasked the Chancellor of the Exchequer how much cash British residents in the United Kingdom are allowed to take out to non-sterling areas on leaving these shores; whether it is the previous £25 or less; whether it is included in the £50 annual allowance; and whether those with Diner's Cards or 397W American Express Cards use the £50 allowed to such holders whilst abroad, in addition to the normal £50 to be marked on their passports.
§ Mr. DiamondThe amount in sterling notes which a traveller may take with him has been reduced from £25 to £15. This is in addition to the basic current allowance of £50 in foreign exchange. As with other expenditure payable in sterling, credit cards may for the time being be used abroad in accordance with existing rules but, as my hon. and learned Friend, the Financial Secretary said in reply to the hon. Member for Louth on 2nd August, credit card holders will in due course be subject to the same restrictions as other people.