§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer what assessment he has made of the causes of trade with the EEC in invisibles falling into deficit in 1988; what is his forecast for the current year; and how much of the deficit is accounted for by the United Kingdom's net contribution to the EEC budget.
§ Mr. Norman LamontThe balance on transactions in invisibles with EC countries and institutions improved in 1988. Invisibles transactions with the EC are not identified separately in Treasury forecasts. Data on the components of invisibles transactions with the EC can be found in tables 10.1 and 10.2 of the CSO Pink Book.