§ 70. Mr. Goodhartasked the Chancellor of the Exchequer what estimate he has made of the foreign exchange loss to the country caused by the closure of the Suez Canal, the dislocation of oil supplies and the boycott of British goods imposed by some Middle Eastern countries.
§ Mr. DiamondIt is not possible now to estimate the likely impact on our balance of payments since so much depends on how soon there will be a return to normal trading conditions in the Middle East.