Below is the text of Mr Major’s written Parliamentary Answer on the Capital Account on 20th February 1989.
Mr. Malcolm Bruce To ask the Chancellor of the Exchequer which of the statistics produced by his Department give an indication of the current state, and changes in the state, of the capital account of the economy.
Mr. Simon Hughes To ask the Chancellor of the Exchequer if he will make a statement regarding his Department’s policy on the collection and publication of statistics showing the state of the capital account of the economy.
Mr. Major The only statistics relevant to the capital account for which the Treasury is directly responsible are the official reserves. Other data on the capital account of the balance of payments are collected by the CSO and published regularly in “Economic Trends.”