§ Mr. Canavanasked the Chancellor of the Exchequer what is his estimate of the total amount of outflow of investment from the United Kingdom since May 1979.
§ Mr. Bruce-GardyneThe net capital outflow from the United Kingdom between 1979 Q2 and 1982 Q3, the last quarter for which complete balance of payments figures are available, was the counterpart to the £12 billion current account surplus earned over the same period. Allowing for an unidentified balancing item of £3 billion, the total identified net private and official capital outflow over this period was £9 billion. This was the balance between larger gross capital flows in both directions, including United Kingdom private investment overseas of £32 billion offset by overseas investment in the United Kingdom and other capital flows of £23 billion.