HC Deb 23 March 1978 vol 946 c741W
Mr. Wyn Roberts

asked the Chancellor of the Exchequer if he is satisfied with the current level of invisible trade and that it is producing a higher surplus than last year.

Mr. Joel Barnett

The fall in the invisibles surplus in the fourth quarter of 1977 was disappointing, but I expect invisible earnings to continue to make an important contribution to the current balance in 1978.