HC Deb 12 April 1973 vol 854 cc320-1W
Mr. Deakins

asked the Chancellor of the Exchequer what contribution United Kingdom private investment in overseas manufacturing industry makes to the growth of the United Kingdom gross national product.

Mr. Nott

Investment in overseas manufacturing industry contributes to the United Kingdom gross national product both directly, through the return on this investment and indirectly, through the increased exports it generates. United Kingdom investment overseas is mainly financed by other than domestic sources —for example, by borrowing in the Eurocurrency market and by reinvested profits.