§ 12. Mr. Parkasked the Chancellor of the Exchequer which countries have been the major recipients of overseas investment since the abolition of exchange controls.
§ Mr. Bruce-GardyneA geographical analysis of total United Kingdom private investment overseas is not available. However, an allocation of direct investment overseas by United Kingdom companies other than oil companies in the period 1976–1980 was published inBritish Business on 14 May. This analysis shows that 343W about 50 per cent. of net direct investment overseas in 1980 was in the United States, 18 per cent. in the developing countries and 14 per cent. in the European Community.