Mr Major’s Written Parliamentary Answer on Balance of Trade – 1 November 1989

Below is the text of Mr Major’s written Parliamentary Answer on Balance of Trade on 1st November 1989.

Mr. Major No further policies are necessary. The current account deficit will gradually narrow as the Government’s tight monetary policy continues to slow domestic demand.

Mr. Batiste To ask the Chancellor of the Exchequer what is the current balance of trade with (a) Australia and (b) New Zealand.