HC Deb 20 July 1967 vol 750 c307W
58. Mr. John Smith

asked the Chancellor of the Exchequer what change has been brought about in overseas expenditure as a result of the measures of 20th July, 1966.

Mr. Diamond

Our aim was to achieve savings in 1967–68 compared with 1966–67. Decisions taken so far put us well on the way to achieving these savings though it is too soon for them to be fully reflected in the published statistics.

Mr. Gwynfor Evans

asked the Chancellor of the Exchequer what is the cost to the balance of payments of expenditure overseas on defence.

Mr. MacDermot

The figures are given in Table 4 of the quarterly article on the U.K. Balance of Payments published inEconomic Trends in June, 1967. A copy is available in the library.