Balance of Payments

HC Deb 12 July 1973 vol 859 c402W

47. Mr. Leadbitter

asked the Chancellor of the Exchequer if he will make a statement on the balance of payments.

Mr. Nott

Exports are doing very well, with export volume rising faster than the volume of imports. The trade deficit has been large because of the worsening in the terms of trade. The invisible account continues in substantial surplus.