HC Deb 18 May 1993 vol 225 cc106-7W
Ms Harman

To ask the Chancellor of the Exchequer (1) if he will publish a table setting out the total foreign exchange liabilities, broken down by currency, of companies liable to United Kingdom corporation tax;

(2) if he will publish a table setting out the total foreign exchange liabilities of companies liable to United Kingdom corporation tax, broken down by category of business of those companies;

(3) what estimate he has made of the ratio of foreign exchange liabilities of companies liable to United Kingdom corporation tax to their total liabilities.

Mr. Dorrell

Comprehensive information is not available in the form requested. But information is given on total financial liabilities and foreign currency lending from United Kingdom banks along with a breakdown of foreign currency bank lending. Dollars represent the main foreign currency for bank lending.

Liabilities at end 1992 Q4 (£ billion)
Total Lending by banks
Industrial and commercial sector 1,117.3 36.9
Other financial institutions 1,108.5 28.3

Source: Financial Statistics May 1993, Tables 14.6 and 14.7

As regards the industry breakdown, information is available only on foreign currency lending by United Kingdom banks to United Kingdom residents. This is given for March 1993.

£ million
Energy and Water supplies 4,649
Construction 1,956
Garages distribution, hotels and catering 8,750
Transport and communications 2,948
Manufacturing industry 11,615
Agriculture, forestry, fishing 94
Financial 32,009
Business and other services (excluding central and local government services) 5,325
Total of above 67,346

Source: Bank of England Press Notice 14 May 1993.

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