The Rt. Hon. Sir John Major KG CH

Prime Minister of Great Britain and Northern Ireland 1990-1997

Chief Secretary (1987-1989)

Mr Major’s Written Parliamentary Answer on Balance of Payments – 16 June 1988

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Below is the text of Mr Major’s written Parliamentary Answer on Balance of Payments on 16th June 1988.

Mr. Ernie Ross To ask the Chancellor of the Exchequer if he will make a statement regarding the effect of the recent appreciation of the value of the pound on the current account of the United Kingdom balance of payments.

Mr. Doran To ask the Chancellor of the Exchequer if he will make a statement regarding the effect of the recent appreciation of the value of the pound on the current account of the United Kingdom balance of payments.

Mr. Major I refer the hon. Members to the answer given earlier today by my hon. Friend the Economic Secretary to the hon. Member for Western Isles (Mr. Macdonald).

Mr. Fisher To ask the Chancellor of the Exchequer what is his latest estimate of the balance of payments for 1988–89.

Mr. Major At Budget time my right hon. Friend the Chancellor of the Exchequer forecast a current account deficit of £4 billion for 1988. A new forecast will be published at the time of the Autumn Statement.