Mr Major’s Written Parliamentary Answer on Balance of Payments – 24 May 1989

Below is the text of Mr Major’s written Parliamentary Answer on Balance of Payments on 24th May 1989.

Mr. Cohen To ask the Chancellor of the Exchequer what was the balance of payments for the first quarter of 1989.

Mr. Major The provisional estimate of the current account balance for the first quarter of 1989 was a deficit of £4.5 billion. This is likely to be revised when the full balance of payments accounts are published on 15 June.