§ Mr. Teddy Taylorasked the Secretary of State for Trade and Industry what percentage of United States and Japanese direct investment in the European Economic Community came to the United Kingdom in the most recent year for which figures are available; and what the comparable figures were in each of the years back to 1970.
§ Mr. Norman LamontThe available information is given in the table. United States and Japanese net direct investment into the European Community*United Kingdom as a percentage of EC.
United States direct investment† Japanese direct investment‡ 1973 26.6 80.4 1974 31.4 79.1 1975 40.8 30.0 1976 27.8 14.3 1977 48.2 21.0 1978 39.4 16.8 1979 41.0 14.0 1980 44.5 42.4 1981 61.1 12.0 1982 ║ 23.2 1983 54.6 — * Nine member countries up to 1980. Greece included from 1981. † Direct investment is the annual amount invested in unremitted profits, shares, loans and short term indebtedness by United States companies in their overseas subsidiaries, branches and associates. ‡ Direct investment includes only purchases net of disposals of share capital and long term loans by Japanese companies in their overseas subsidiaries, branches and associates. Unremitted profits, short term loans and trade credit are not included. ║ In 1982 net investment was negative for the United Kingdom but not for the EC. Sources: United States Survey of Current Business Japanese Balance of Payments monthly.
§ Mr. Teddy Taylorasked the Secretary of State for Trade and Industry what was the total amount of United Kingdom direct investment in the rest of the European Economic Community and the amount of European Economic Community direct investment in the United Kingdom, respectively, in the most recent year for which figures are available; and what the comparable figures were in each of the years back to 1970.
§ Mr. Norman LamontThe information is given in the table
EC direct investment in the United Kingdom United Kingdom investment in the EC £ million £ million 1970 61.5 94.4 1971 39.0 287.3 1972 43.6 244.3 1973 111.6 522.7 1974 75.5 363.7 1975 98.0 168.0 1976 176.4 497.4 1977 268.2 385.2 1978 290.9 584.8 1979 216.1 228.2 1980 0.5 365.2 1981 27.8 591.9 1982 139.1 40.3 Source:Business Monitor MA4.