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 the Trade Deficit – 1 December 1988

Below is the text of Mr Major’s written Parliamentary Answer on the Trade Deficit on 1st December 1988.

Mr. Austin Mitchell To ask the Chancellor of the Exchequer how the trade deficit was financed in 1987 and in the current year to date; and if he will publish in the Official Report, a table showing the changes in the capital account which have occurred as a result of the deficit in the current account.

Mr. Major Figures for the current account, capital account transactions and the balancing item up to the second quarter of 1988 are available in the September edition of Economic Trends, published by the CSO.