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 Inward Investment -10 March 1988

admin

Below is the text of Mr Major’s written Parliamentary Answer on Inward Investment on 10th March 1988.

Mr. Jack To ask the Chancellor of the Exchequer if he will make a statement on the sources, level and economic effect of inward investment during the current financial year.

Mr. Major In the second and third quarters of 1987 – the latest period for which information is available – international confidence in the United Kingdom economy led to inward direct and portfolio investment of £9.5 billion. Information on the geographical sources of recent capital inflows is not available.