Balance of Payments

HC Deb 08 July 1987 vol 119 c178W

47. Mr. Yeo

asked the Chancellor of the Duchy of Lancaster what is his latest forecast for the outturn of the balance of payments for 1987.

Mr. Alan Clark

My right hon. Friend the Chancellor of the Exchequer in his financial statement and Budget report forecast a deficit on current account of £24½ billion in 1987. In fact the figures for the first four months show a surplus on the current account of £0.8 billion. A new forecast will be contained in the autumn statement.