Below is the text of Mr Major’s written Parliamentary Answer on Balance of Payments on 12th May 1988.
Mr. Fisher To ask the Chancellor of the Exchequer what he now expects the balance of payments deficit to be for 1988–89.
Mr. Andrew Smith To ask the Chancellor of the Exchequer what is his present forecast of the balance of payments current account deficit for 1988.
Mr. Major I refer the hon. Members to the reply given earlier today by my right hon. Friend the Chancellor of the Exchequer to the hon. Member for Liverpool, West Derby (Mr. Wareing).