§ Mr. Austin Mitchellasked the Chancellor of the Exchequer if he will estimate the loss of revenue as a result of the export of capital since the lifting of exchange controls.
§ Mr. Bruce-GardyneThe removal of exchange controls will not have affected the size of net capital outflows directly. Net capital outflows are the necessary counterpart to the current account surplus earned in recent years. Since it is not possible to say what the composition of these net outflows would have been in different circumstances, it is not possible to estimate how revenue has been affected.