§ Mrs. BeckettTo ask the President of the Board of Trade what has been the deficit in the United Kingdom trade in cars in real terms in each of the last four years; and what estimate he has made of future trends in the balance of trade. [32089]
§ Mr. Lang[holding answer 10 June 1996]: The information requested is given in the table. The depressed level of consumer demand for cars in Europe has slowed improvements in the United Kingdom's balance of trade in cars. However, in the longer term, the decision by major manufacturers to expand production in the UK should boost exports.
79W
Year Deficit in trade in cars, at 1990 prices (£ billion) 1992 -1.9 1993 -2.7 1994 -2.4 1995 -1.4