HC Deb 16 January 1984 vol 52 c11W
Mr. Skinner

asked the Chancellor of the Exchequer (1) what information he has as to the average annual return to foreigners investing in stocks and shares (portfolio investment) in the United Kingdom between 1974 and 1978 and 1979 and 1982;

(2) what information he has as to the average annual return to foreigners investing in the United Kingdom on direct investment (including oil companies) between 1974 and 1978 and 1979 and 1982;

(3) what was the average annual return to the British economy on direct investment overseas (excluding oil companies) between 1974 and 1978 and 1979 and 1982.

Mr. Ian Stewart

Total earnings in each year from 1972 to 1982 due to overseas residents on their direct investment in the United Kingdom (including that by oil companies) and on portfolio investment in the United Kingdom public and private sectors are published in table 5.1 of "United Kingdom balance of payments 1983 edition", which is available in the House of Commons Library. The same table also shows earnings due to United Kingdom residents on their direct investment overseas (excluding that by oil companies). All the earnings figures cover income only; portfolio investment earnings, in particular, exclude capital gains (which are included indistinguishably in the value of capital transactions, recorded in the capital account of the balance of payments).

Mr. Skinner

asked the Chancellor of the Exchequer what was the amount of United Kingdom overseas investment in stocks and shares (portfolio investment) between 1974 and 1978, and 1979 and 1982.

Mr. Ian Stewart

Information on total annual portfolio investment overseas (including investment in stocks, shares and bonds), all of which is undertaken by private United Kingdom residents is published in table 8.2 of "United Kingdom balance of payments 1983 edition", which is available in the House of Commons Library.