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 – 27 October 1988

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Below is the text of Mr Major’s written Parliamentary Answer on Balance of Payments on 27th October 1988.

Mr. Illsley To ask the Chancellor of the Exchequer if he will make a statement on the impact of the balance of payments on the current level of pound sterling.

Mr. George Howarth To ask the Chancellor of the Exchequer if he will make a statement on the impact of the balance of payments on the current level of pound sterling.

Mr. Sean Hughes To ask the Chancellor of the Exchequer if he will make a statement on the impact of the balance of payments on the current level of sterling.

Mr. Andrew Smith To ask the Chancellor of the Exchequer if he will make a statement on the impact of the balance of payments on the current level of sterling.

Mr. Major The current level of sterling reflects the strength of the economy and confidence in the Government’s medium-term financial strategy.

Mr. McAllion To ask the Chancellor of the Exchequer what forecasts he has regarding long-term trends in the balance of payments.

Mr. McKelvey To ask the Chancellor of the Exchequer what forecasts he has regarding long-term trends in the balance of payments.

Mr. McFall To ask the Chancellor of the Exchequer what forecasts he has regarding long-term trends in the balance of payments.

Mr. Major I refer the hon. Members to the reply given earlier today by my right hon. Friend the Chancellor of the Exchequer to the hon. Member for Glasgow, Rutherglen (Mr. McAvoy).

Mr. Morgan To ask the Chancellor of the Exchequer what is his forecast for the balance of payments position in the next financial year.

Mrs. Clwyd To ask the Chancellor of the Exchequer what is his forecast for the balance of payments position in the next financial year.

Mr. Battle To ask the Chancellor of the Exchequer what is his forecast for the balance of payments position in the next financial year.

Mr. Caborn To ask the Chancellor of the Exchequer what is his forecast for the balance of payments position in the next financial year.

Mr. Major My right hon. Friend the Chancellor of the Exchequer will be making a new forecast in his autumn statement.