Mr Major’s Written Parliamentary Answer on Balance of Payments – 9 May 1988

Below is the text of Mr Major’s written Parliamentary Answer on Balance of Payments on 9th May 1988.

Mr. Thurnham To ask the Chancellor of the Exchequer if he will make a statement about the current balance of payments position.

Mr. Major At Budget time my right hon. Friend the Chancellor of the Exchequer forecast a current account deficit of £4 billion for 1988.