§ Mr. WrayTo ask the Chancellor of the Duchy of Lancaster what has been for each year since 1981, the total contribution of oil exports, in 1989 terms, to the balance of trade.
§ Mr. Alan ClarkThe information requested is as follows. Figures are expressed in 1988 prices as 1989 prices are not yet available.
£ billion constant 1988 prices Visible trade balance Exports of oil 1981 1.6 2.9 1982 0.4 3.2 1983 -3.1 5.5 1984 -5.6 6.1 1985 -4.1 6.4 1986 -6.8 6.5 1987 -8.7 6.5 1988 -20.6 5.6