HC Deb 27 March 1975 vol 889 cc206-7W
Mr. Wigley

asked the Chancellor of the Exchequer if he will publish in the Official Report the balance of payments deficit per head of population for each of the past five years, and similar figures excluding oil elements within the trade deficit.

Mr. Dell:

For the years 1970–1973 the balance on current account per head of population was as follows:

1970 1971 1972 1973
+£12.60 +£18.92 +£1.47 -£19.97

Excluding the deficit on trade in petroleum and petroleum products, the figures are as follows:

1970 1971 1972 1973
+£21.24 +£30.61 +£13.27 -£3.17

Population figures for the United Kingdom in 1974 are not yet available. The current account deficit for that year was £3,828 million; excluding trade in petroleum and petroleum products the deficit was £382 million.