§ Mr. MitchellTo ask the Chancellor of the Exchequer by what means statistics relating to the flow of capital investment for all, or particular, purposes, from the United Kingdom into each of the other member states of the European Union, are collated following the introduction of the single currency; and what assessment he has made of the effect of the United Kingdom joining the single currency on the collation of such statistics. [86228]
§ Ms HewittThe information requested falls within the responsibility of the Director of the Office for National Statistics. I have asked him to reply.
381WLetter from Tim Holt to Mr. Austin Mitchell, dated 10 June 1999:
As Director of the Office for National Statistics (ONS), I have been asked to reply to your recent parliamentary question on statistics relating to the flow of capital investment.Data sources for information on UK outward capital investment flows are outlined in National Accounts Concepts, Sources and Methods published in 1998 (in Chapters 24 and 25). The data are collected from regular enquiries by the ONS and the Bank of England. Inquiries of this type will continue should the UK join Monetary Union.Geographical breakdowns, which include an analysis of flows between the UK and individual member states, are published for direct investment flows but such detailed information is not available for portfolio investment, other investment and reserve assets. Some data are also collected with an EU/Non EU split.