The Rt. Hon. Sir John Major KG CH

Prime Minister of Great Britain and Northern Ireland 1990-1997

Chief Secretary (1987-1989)

Mr Major’s Written Parliamentary Answer on Overseas Assets – 25 November 1987

Below is the text of Mr Major’s written Parliamentary Answer on Overseas Assets on 25th November 1987.

Mr. David Martin To ask the Chancellor of the Exchequer what is the current level of United Kingdom holdings of overseas assets; what contribution the income from these assets makes to the balance of payments; and what are the comparable figures relating to the United Kingdom’s overseas competitors’ holdings of foreign assets.

Mr. Major The level of United Kingdom net overseas assets at the end of 1986 was £114 billion – second only to Japan. The annual net income from these assets was £4.5 billion.