HC Deb 20 October 1976 vol 917 cc492-3W
Mr. Teddy Taylor

asked the Secretary of State for Trade what was the size of the trade deficit with the EEC and the rest of the world, respectively, in the most recent 12-month period for which figures are available.

Mr. Meacher

The latest available figures for our trade by area on a balance of payments basis relate to the second quarter of 1976. The following table contains the relevant information:

UNITED KINGDOM BALANCE OF TRADE WITH THE EEC AND THE REST OF THE WORLD
£ million*
Visible Trade Balances
EEC Rest of World Total
1975—Q3 -668 -321 -989
Q4 -552 -130 -682
1976—Q1 -392 -81 -473
Q2 -625 -415 -1,040
Twelve months Ending June 1976 -2,237 -947 -3,184
* Balance of payments basis seasonally adjusted.