§ Mr. Bishopasked the Chancellor of the Exchequer to what extent the net capital outflow of £148 million from the United Kingdom for the first quarter of the current year was attributable to private investment abroad and to the decline of the inflow of foreign capital, respec- 96W tively; and what further steps he is taking to improve the position.
§ Mr. Roy JenkinsFollowing are the figures:
£ million seasonally adjusted 1968 I Private investment abroad (net) -183 Private investment in United Kingdom (net) -65 Total private investment -118 Official capital (net) -30 Balance of long-term capital -148 NOTE.—A single large investment transaction accounted for rather more than £30 million of the total of net private investment abroad and reduced by about £50 million the total of net private investment in the United Kingdom.
On the second part of my hon. Friend's Question, I have no present proposals for changing existing arrangements in this field.