§ Mr. Knoxasked the Chancellor of the Exchequer what was the average annual surplus or deficit in the current account of the balance of payments in the following periods: (a) 1945 to 1951, (b) 1952 to 1964, (c) 1965 to 1970, (d) 1971 to 1973 and (e) 1974 to the present time.
§ Mr. Robert SheldonCurrent balance figures for 1945 are not available. Otherwise, the annual average surplus or deficit on the current account of the balance of payments has run as follows:
£ million 1946–51 … … … —108 1952–64 … … … 69 1965–70 … … … 117 1971–73 … … … 116 1974–75 … … … —2,656