§ Mr. Knoxasked the Chancellor of the Exchequer if he will publish in the Official Report a table showing for each present member of the EEC, the United States of America and Japan for each year since 1970, converted to £ sterling at the appropriate exchange rate (a) the surplus or deficit on current account of
1970 1971 1972 1973 1974 1975 1976 1977 Current balance(£ million) United Kingdom 710 1,074 126 -883 -3,515 -1,617 -859 165 Belgium and Luxembourg 297 348 456 470 389 318 -166 .. Denmark -227 -174 -25 -189 -419 -220 -1,057 -944 France 124 218 119 -282 -2,540 -1 -3,340 -1,859 German Federal Republic 353 360 299 1,782 4,191 1,823 2,153 2,205 Ireland -76 -78 -54 -95 -287 -11 -145 .. Italy 376 838 906 -1,024 -3,437 -239 -1,581 .. Netherlands -218 -65 516 955 881 746 1,337 .. United States 982 -579 -2,394 2,811 499 7,984 2,607 -7,959 Japan 821 2,381 2,648 -55 -2,006 -307 2,037 6,324 Current balance per capita(£) United Kingdom 13 19 2 -16 -63 -29 -15 3 Belgium and Luxembourg 30 35 45 47 38 31 -16 .. Denmark -46 -35 -5 -38 -83 -43 -208 -185 France 2 4 2 -5 -48 — -63 -35 German Federal Republic 6 6 5 29 68 29 35 36 Ireland -26 -26 -18 -31 -93 -4 -46 .. Italy 7 16 17 -19 -62 -4 -28 .. Netherlands -17 -5 39 71 65 55 97 .. United States 5 -3 -12 13 2 37 12 -37 Japan 8 23 25 -1 -18 -3 18 56 Invisible balance(£ million) United Kingdom 735 795 827 1,471 1,680 1,588 2,651 1,777 Belgium and Luxembourg -19 6 51 -29 2 71 318 .. Denmark 90 118 147 295 345 367 536 578 France -179 -237 -401 -599 -890 -680 -754 -311 German Federal Republic -2,018 -2,424 -3,042 -4,525 -5,289 -6,133 -7,079 -8,824 Ireland 104 103 97 119 171 197 192 .. Italy 476 600 579 591 201 274 655 .. Netherlands 160 187 341 548 628 161 484 .. United States -92 352 171 2,437 2,793 3,910 7,766 9,938 Japan -830 -818 -939 -1,559 -2,621 -2,570 -3,438 -3,696 Invisible balance per capita(£) United Kingdom 13 14 15 26 30 28 47 32 Belgium and Luxembourg -2 1 5 -3 — 7 31 .. Denmark 18 24 29 59 68 73 106 114 France -4 -5 -8 -11 -17 -13 -14 -6 German Federal Republic -33 -40 -49 -73 -85 -99 -115 -144 Ireland 35 35 32 39 56 63 61 .. Italy 9 11 11 11 4 5 12 .. Netherlands 12 14 26 41 46 12 35 .. United States — 2 1 12 13 18 36 46 Japan -8 -8 -9 -14 -24 -23 -31 -33 Sources:
1. Balance of Payments:
United Kingdom—latest published figures.
Other countries—International Financial Statistics, June 1978 issue. Figures are published in United States dollars and have been converted to sterling, using the average daily exchange rate for each year.
2. Population:
Monthly Bulletin of Statistics (United Nations), June 1978.