HC Deb 24 July 1974 vol 877 cc501-2W
Mr. Loyden

asked the Chancellor of the Exchequer what is the net amount of foreign capital invested in Great Britain, after consideration of foreign capital invested in Great Britain, and if he will set out these figures showing (a) in and from the EEC area, (b) in and from the sterling area and (c) in and from North America, in both actual terms and adjusted for inflation.

Dr. Gilbert

Estimates of the levels of external liabilities and assets, relating to the United Kingdom as a whole, are pub- lished annually in "United Kingdom Balance of Payments"—the "Pink Book"—and in the Bank of England Quarterly Bulletin. These publications describe the limitations of the estimates and the methods of valuation used. The

100 per cent. on all personal incomes in excess of £10,000.

Dr. Gilbert

On the same assumptions as those given in the reply to the hon. Member on 26th June 1974 the estimated additional yield would be about £220 million.

May I take this opportunity to inform the hon. Member that the figures given in the earlier reply have now been found to be incorrect? The figures should have been (a) about £115 million with an income limit of £13,000 and (b) about £25 million with a limit of £20,000. I greatly regret this error.