§ Mr. Gouldasked the Secretary of State for Trade and Industry whether he will publish in the Official Report, a table showing the level of United Kingdom investment overseas in each year since 1980 and at the latest available date together with the net investment during the year; and if he will provide any revision for earlier years since his answer to the hon. Member for Great Grimsby (Mr. Mitchell) of 29 July 1983, Official Report, columns 742–46.
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Table 1 Flows of direct investment excluding unremitted profits and oil companies between United Kingdom and the European Community* £ million Inward direct investment in United Kingdom United Kingdom direct investment overseas Net acquisition of share and loan capital Inter-company Branch-head office accounts Net acquisition of share and loan capital Inter-company accounts Branch-head office accounts 1972 Manufacturing 6.8 −12.0 71.6 −14.2 0.5 Non-manufacturing 14.4 1.2 59.6 11.3 26.1 1973 Manufacturing 44.1 −16.0 130.5 39.7 0.6 Non-manufacturing 44.5 17.9 185.3 14.2 10.9 1974 Manufacturing 21.6 −5.2 56.4 17.1 1.8 Non-manufacturing 27.4 0.2 61.9 20.2 60.6 1975 Manufacturing 9.6 19.2 36.5 −10.1 −0.3 Non-manufacturing 2.7 18.3 52.8 23.0 0.9 1976 Manufacturing 62.3 −4.3 99.7 −16.3 1.2 Non-manufacturing 20.0 24.8 47.8 66.8 14.4 1977 Manufacturing 52.1 −11.4 −10.7 169.0 0.7 Non-manufacturing 52.5 42.2 68.2 −55.3 4.3 1978 Manufacturing 75.4 32.8 114.4 76.6 0.7 Non-manufacturing 26.6 61.1 69.4 66.8 47.0 1979 Manufacturing 40.4 32.8 120.5 −223.2 4.3 Non-manufacturing 34.4 −16.6 49.4 −57.3 41.0 1980 Manufacturing 46.0 −4.6 213.5 −148.3 −2.4 Non-manufacturing 50.5 19.3 217.0 −112.7 25.2 1981 Manufacturing 125.7 43.2 119.9 227.4 7.8 Non-manufacturing 81.4 −80.3 125.7 −69.8 36.6 1982 Manufacturing 24.2 −80.4 52.1 −33.0 .. Non-manufacturing 72.2 100.8 1048 −201.7 .. * Denmark, Irish Republic and Greece are included in all years.
§ Mr. ChannonThe level of United Kingdom investment overseas since 1980 is given table 11.1— United Kingdom External Assets—of "United Kingdom balance of payments, 1984 edition"—The CSO pink book. Flows of United Kingdom direct overseas investment are given in table 8.2, inward and outward investment, of the same publication.
The following table provides such revisions that are available to the information supplied to the hon. Member for Great Grimsby (Mr. Mitchell) on 29 July 1983 and published in columns 742–46 of the Official Report.
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Table 2 Flows of direct investment excluding unremitted profits and oil companies between United Kingdom and the United States of America £ million Inward direct investment in United Kingdom United Kingdom direct investment overseas Net acquisition of share and loan capital Inter-company Branch-head office accounts Net acquisition of share and loan capital Inter-company accounts Branch-head office accounts 1972 Manufacturing 59.7 −46.1 18.8 −9.2 −2.8 Non-manufacturing 13.5 21.5 −0.5 15.3 16.1 1973 Manufacturing 77.1 34.7 83.2 108.2 −0.5 Non-manufacturing 3.4 7.0 48.0 4.4 12.2 1974 Manufacturing 127.4 35.8 78.6 80.8 −2.7 Non-manufacturing 82.8 −4.4 127.7 −14.3 23.1 1975 Manufacturing 46.2 57.6 65.1 23.1 0.3 Non-manufacturing −10.5 53.0 8.1 2.7 13.3 1976 Manufacturing 76.9 39.9 164.0 −5.5 −2.3 Non-manufacturing 24.3 −18.4 16.5 −5.7 6.1 1977 Manufacturing 85.0 25.5 175.7 −49.2 −9.4 Non-manufacturing −43.0 −12.8 93.1 19.1 −1.9 1978 Manufacturing 109.0 164.0 626.1 26.7 12.9 Non-manufacturing −29.0 −8.5 101.9 −27.2 31.4 1979 Manufacturing −42.5 30.7 399.4 94.7 12.5 Non-manufacturing 12.7 140.6 664.1 31.5 20.9 1980 Manufacturing 263.4 560.6 350.3 .. .. Non-manufacturing 224.5 234.2 875.8 .. .. 1981 Manufacturing 98.7 −775.2 528.5 .. .. Non-manufacturing 136.2 −42.9 1,112.9 .. .. 1982 Manufacturing .. −195.7 392.7 .. .. Non-manufacturing .. −70.8 552.5 .. ..
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Table 3 Flows of direct investment excluding unremitted profits and oil companies between United Kingdom and the rest of the world excluding the European Community and United States of America £ million Inward direct investment in United Kingdom United Kingdom direct investment overseas Net acquisition of share and loan capital Inter-company Branch-head office accounts Net acquisition of share and loan capital Inter-company accounts Branch-head office accounts 1972 Manufacturing 14.2 −355 24.2 −1.7 7.8 Non-manufacturing 40.2 25.8 23.4 4.5 20.6 1973 Manufacturing 35.5 7.2 10.0 16.6 −11.5 Non-manufacturing 141.6 −6.9 105.7 −8.3 21.7 1974 Manufacturing 39.9 80.1 8.1 103.7 −0.1 Non-manufacturing 178.0 19.1 47.9 11.9 41.4 1975 Manufacturing 75.0 −17.4 56.2 −24.3 −12.0 Non-manufacturing 108.9 5.7 82.3 66.5 40.8 1976 Manufacturing 6.1 −24.9 96.1 48.8 −25.0 Non-manufacturing 62.6 −11.3 61.1 37.5 85.2 1977 Manufacturing 46.7 7.5 58.4 73.3 4.4 Non-manufacturing 27.0 217.2 88.5 157.3 122.2 1978 Manufacturing −21.4 6.1 −1.2 49.4 8−2 Non-manufacturing 68.4 56.3 82.2 117.8 100.4 1979 Manufacturing 27.4 65.2 120.5 10.8 −17.2 Non-manufacturing 93.7 95.0 28.7 −33.6 144.2 1980 Manufacturing 21.6 195.4 22.7 .. .. Non-manufacturing 190.8 50.2 112.6 .. .. 1981
Inward direct investment in United Kingdom United Kingdom direct investment overseas Net acquisition of share and loan capital Inter-company Branch-head office accounts Net acquisition of share and loan capital Inter-company accounts Branch-head office accounts Manufacturing 320.9 30.2 62.3 .. .. Non-manufacturing 130.5 291.8 471.7 .. .. 1982 Manufacturing .. −6.1 −180.1 .. .. Non-Manufacturing .. 258.7 87.4 .. ..