§ Mr. Denzil Daviesasked the Chancellor of the Exchequer what is his estimate of the amount of capital that will leave the United Kingdom in a full year as a result of the recent relaxation of exchange control.
§ Mr. Lawson, pursuant to his reply [Official Report, 22 June 1979], gave the following answer:
54WThe uncertainties involved in making an estimate are considerable and it is not possible to predict the likely outflow with any reasonable degree of precision. Much will depend on decisions to be taken in due course by individuals and companies in the light of the relative level of interest rates in different countries and currencies, and of their own views of the international prospects for growth and trade and of future developments in the exchange rates of the currencies involved.