HC Deb 24 July 1987 vol 120 cc562-3W
Mr. Austin Mitchell

asked the Chancellor of the Exchequer whether he will publish in the Official Report his estimate of the net inflow of overseas funds each year since 1979 and in 1987 to date for investment in (a) Government securities, (b) privatisation issues and (c) other securities.

Mr. Lilley

The available information relating to net investment by overseas residents in United Kingdom government and other securities since 1979 is given in the 1986 edition of the "United Kingdom Balance of Payments" (the CSO Pink Book) and inEconomic Trends for June 1987, copies of which are in the Library. The relevant Pink Book tables are 8.2 (direct investment), 8.3 (portfolio investment) and 8.6 (short-term government securities). The corresponding Economic Trends tables are 9, 10 and 13.

The following information on the main recent privatisation issues relates to estimated initial subscriptions in overseas markets:

£ million
1984 280
1985 190
1986 350
11987 270
1 First half.