Mr Major’s Written Parliamentary Answer on the Trade Deficit – 15 March 1989

Below is the text of Mr Major’s written Parliamentary Answer on the Trade Deficit on 15th March 1989.

Mr. Roy Hughes To ask the Chancellor of the Exchequer what he now expects the trade deficit in 1989 to be.

Mr. Major The Financial Statement and Budget Report for 1989–90 shows a forecast deficit for visible trade in 1989 of £21½ billion.