Balance of Payments (Non-Oil Deficit)

HC Deb 01 May 1975 vol 891 c201W

22. Mr. Watkinson

asked the Chancellor of the Exchequer if he can estimate what is the size of the non-oil deficit on the balance of payments for the first quarter of 1975.

Mr. Joel Barnett

Excluding trade in petroleum and petroleum products, the current account was in surplus by an estimated £470 million, seasonally adjusted, in the first quarter of 1975.