§ Mr. Teddy Taylorasked the Chancellor of the Exchequer if he has any statistics available that could 202W identify the amount of profits on foreign investments that are retained abroad for further investment; and if he will make a statement.
§ Mr. RidleyThe available information shows the amount of profits on foreign investments which are retained abroad for direct reinvestment by United Kingdom companies other than oil companies. The figures are published in the articles on the United Kingdom balance of payments which appear in the March, June, September and December issues ofEconomic Trends. Table 9 of the December 1981 issue, available in the House Library, contains the latest information.
§ Mr. Teddy Taylorasked the Chancellor of the Exchequer if he will consider taking steps to place restrictions on the movement of private funds by institutions such as pension funds and insurance companies into fixed interest portfolio investment abroad; and if he will make a statement.
§ Mr. BrittanI shall let my hon. Friend have a reply as soon as possible.