Mr Major’s Written Parliamentary Answer on Overseas Assets – 9 July 1987

Below is the text of Mr Major’s written Parliamentary Answer on Overseas Assets on 9th July 1987.

Mr. Quentin Davies Asked the Chancellor of the Exchequer if he will make a statement on the present level of net United Kingdom assets overseas.

Mr. Hannam Asked the Chancellor of the Exchequer if he will make a statement on the present level of net United Kingdom assets overseas.

Mr. Major Net United Kingdom overseas assets are estimated to have increased from about £80 billion at the end of 1985 to about £110 billion at the end of 1986. This is equivalent to 28 per cent. of GDP, the highest recorded level since the war.