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 Net Overseas Assets – 13 July 1988

Below is the text of Mr Major’s written Parliamentary Answer on Net Overseas Assets on 13th July 1988.


Mr. Roger King To ask the Chancellor of the Exchequer what are the most recently available figures for Britain’s net overseas assets.

Mr. Major The United Kingdom’s net overseas assets were estimated at some £90 billion at end of 1987, second only to those of Japan.