§ Mr. Spearingasked the Chancellor of the Exchequer how the movement of capital between the United Kingdom and the EEC compares with the movement of capital between the United Kingdom and the rest of the world in each of the years 1970 onwards; and how these figures compare with investment in United Kingdom private manufacturing industry in these years.
§ Mr. Robert SheldonComprehensive estimates of capital movements between the United Kingdom and other EEC countries are not available. Information on some components, including direct investment flows to and from the Six original member countries for years up to 1972 is published in "United Kingdom Balance of Payments 1963–73"—the Pink Book—and direct investment flows up to 1973 are shown in more detail in the 14th March 1975 issue of "Trade and Industry". Following are figures for gross fixed investment in United Kingdom private manufacturing industry, consistent with those published in the April issue of "Economic Trends "; the published figures also include the British Steel Corporation and ordnance factories.
£ million (1970 prices) 1970 2,000 1971 1,800 1972 1,604 1973 1,769 1974 1,945