§ Mr. Stuart Hollandasked the Chancellor of the Exchequer what has been the proportion of the outflow of investment funds accounted by investment abroad in (a) industry, (b) property, (c) financial services and (d) other investment since the abolition of exchange controls.
§ Mr. LawsonThe information requested is not available.
§ Mr. Stuart Hollandasked the Chancellor of the Exchequer what has been the net outflow of investment funds by quarter since the liberalisation of exchange controls.
§ Mr. LawsonCapital outflows since the dismantling of exchange controls are estimated to have been running at about £1 billion a quarter, the greater part representing repayment of foreign currency debt by United Kingdom companies. Overseas purchases of sterling assets over the same period have more than offset these outflows.