§ Mr. Norman Lamontasked the Chancellor of the Exchequer whether the Government intend that the dollar premium on portfolio investment in EEC countries will be phased out by 1979.
§ Mr. DellThe Treaty of Accession to the European Communities includes an obligation to liberalise the movement of capital for portfolio investment purposes by 1st January 1978. Safeguards exist, however, which would allow the United Kingdom to defer meeting this obligation if the balance of payments situation made this necessary.