§ Mr. JenkinTo ask the President of the Board of Trade what estimate he has made of the share of invisible exports which go to other EC countries; and if he will make a statement about the significance of invisible exports to the United Kingdom economy.
§ Mr. NeedhamEC member states accounted for 35 per cent. of the United Kingdom's invisible credits in 1992, the latest year for which an analysis by country is available. Total invisible credits accounted for nearly half of United Kingdom's overseas earnings in 1993, and represented 18 per cent. of "money GDP".