§ Mr. OppenheimTo ask the Chancellor of the Exchequer what are the latest available figures for (1) annual and (2) total direct foreign investment in the United States by(a) Great Britain, (b) Japan, (c) the Netherlands, (d) West Germany and (e) France.
§ Mr. Norman Lamont[holding answer 1 May 1990]: Information is published by the Central Statistical Office on United Kingdom outward foreign direct investment by United Kingdom companies in the United States. Figures are also published by the United States Department of Commerce on inward foreign direct investment into the United States by a number of countries. Because of differences in coverage, country attribution, accounting practices and methods of compilation, figures for United Kingdom direct investment in the United States from these two sources will not correspond. The latest available information from both sources is as follows:
United Kingdom information United Kingdom direct investment in the United States Net outflow 1988 Book value of investment end-1987 £ million 9,854 30,635 (equivalent to $ million) (17,536) (57,808) Source: CSO Business Bulletin Overseas Direct Investment (28/90).
United States information Direct investment in the United States by: Net inflow 1988 Net investment position end-1988 United States $ million United States $ million United Kingdom 18,774 101,909 Japan 17,838 53,354 Netherlands 4,766 48,991 West Germany 2,306 23,845 France 962 11,364 Source: United States Department of Commerce: Survey of Current Business.