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  • Mr Major’s Written Parliamentary Answer on Budget Forecast (Error) – 4 May 1989

    Below is the text of Mr Major’s written Parliamentary Answer on Budget Forecast (Error) on 4th May 1989.


    Dr. Bray To ask the Chancellor of the Exchequer to what he attributes the error in his forecast of the current balance for 1988, made in his 1988 “Financial Statement and Budget Report”.

    Mr. Major As noted in this year’s Financial Statement and Budget Report, the difference between the published estimate of the current balance for 1988 and the forecast for 1988 made in last year’s FSBR mainly reflected the unexpected strength of domestic demand, particularly investment, combined with very high levels of capacity utilisation in some industries.

  • Mr Major’s Written Parliamentary Answer on Foreign Investment – 4 May 1989

    Below is the text of Mr Major’s written Parliamentary Answer on Foreign Investment on 4th May 1989.


    Mr. McLeish To ask the Chancellor of the Exchequer if he will estimate the net flows of foreign investment into the United Kingdom in the form of (a) long-term direct investment and (b) short-term banking flows.

    Mr. Cox To ask the Chancellor of the Exchequer if he will estimate the net flows of foreign investment into the United Kingdom in the form of (a) long-term direct investment and (b) short-term banking flows.

    Mr. Major The most recent information on flows of direct investment and banking inflows into the United Kingdom has been published by the CSO in the March edition of Economic Trends. However, it is not possible to distinguish between long-term and short-term flows.

  • Mr Major’s Written Parliamentary Answer on Investment and Consumption – 4 May 1989

    Below is the text of Mr Major’s written Parliamentary Answer on Investment and Consumption on 4th May 1989.


    Mr. Butler To ask the Chancellor of the Exchequer, what has been the rate of growth of (a) total investment and (b) total consumption over the past seven years.

    Mr. Major I refer my hon. Friend to the reply that I gave earlier today to my hon. Friend the Member for Canterbury (Mr. Brazier).

  • Mr Major’s Written Parliamentary Answer on Job Creation – 4 May 1989

    Below is the text of Mr Major’s written Parliamentary Answer on Job Creation on 4th May 1989.


    Sir Fergus Montgomery To ask the Chancellor of the Exchequer what has been the growth in total employment since June 1987.

    Mr. Major Total employment in the United Kingdom has increased by 1,152,000 since June 1987.

  • Mr Major’s Written Parliamentary Answer on the Institute for International Economics – 4 May 1989

    Below is the text of Mr Major’s written Parliamentary Answer on the Institute for International Economics on 4th May 1989.


    Mr. Eastham To ask the Chancellor of the Exchequer when Treasury officials last met representatives from the Institute for International Economics; and what matters were discussed.

    Mr. Nigel Griffiths To ask the Chancellor of the Exchequer when Treasury officials last met representatives from the Institute for International Economics; and what matters were discussed.

    Mr. Corbyn To ask the Chancellor of the Exchequer when Treasury officials last met with representatives from the Institute for International Economics; and what matters were discussed.

    Mr. Major Treasury officials met three members of the institute on 13 April to discuss a number of international economic issues.

  • Mr Major’s Written Parliamentary Answer on the Contingency Reserve – 4 May 1989

    Below is the text of Mr Major’s written Parliamentary Answer on the Contingency Reserve on 4th May 1989.


    Mr. James Lamond To ask the Chancellor of the Exchequer what allocations from the contingency reserve he is currently considering.

    Mr. Major Additions to programmes from the 1989–90 reserve have been, and will continue to be, announced after they are agreed.

  • Mr Major’s Written Parliamentary Answer on Pensioners – 4 May 1989

    Below is the text of Mr Major’s written Parliamentary Answer on Pensioners on 4th May 1989.


    Mr. Stevens To ask the Chancellor of the Exchequer what representations he has received on the abolition of the earnings rule for pensioners announced in his Budget.

    Mr. Greg Knight To ask the Chancellor of the Exchequer what representations he has received on the abolition of the earnings rule for retirement pensioners which he announced in his Budget.

    Mr. Hanley To ask the Chancellor of the Exchequer what representations he has received on the abolition of the earnings rule for pensioners which he announced in his Budget.

    Mr. Major The abolition of the pensioners earnings rule was widely welcomed by interested individuals and organisations. In particular, the director general of Help the Aged wrote to my right hon. Friend after the Budget statement to record his appreciation of this and other Budget measures to help pensioners.

    Mr. Foulkes To ask the Chancellor of the Exchequer when he next expects to meet representatives from retirement pensioners’ groups; and what matters he expects to discuss.

    Mr. Ernie Ross To ask the Chancellor of the Exchequer when he next expects to meet representatives from pensioners’ groups; and what matters he expects to discuss.

    Mr. Robert Hughes To ask the Chancellor of the Exchequer when he next expects to meet representatives from pensioners’ groups.

    Mr. Major My right hon. Friend has no current plans to meet representatives from pensioners’ groups.

  • Mr Major’s Written Parliamentary Answer on Business Investment – 4 May 1989

    Below is the text of Mr Major’s written Parliamentary Answer on Business Investment on 4th May 1989.


    Mr. Gerald Howarth To ask the Chancellor of the Exchequer what are the latest figures for the growth of business investment in the economy.

    Mr. Major I refer my hon. Friend to the reply my right hon. Friend the Chancellor gave earlier today to my hon. Friend the Member for Scarborough (Sir M. Shaw).

  • Mr Major’s Written Parliamentary Answer on Visible Imports and Exports – 4 May 1989

    Below is the text of Mr Major’s written Parliamentary Answer on Visible Imports and Exports on 4th May 1989.


    Mr. Allan Roberts To ask the Chancellor of the Exchequer what is his latest estimate for visible imports and exports in the current year.

    Mr Barron To ask the Chancellor of the Exchequer what is his latest estimate for visible imports and exports in the current year.

    Mr. Sean Hughes To ask the Chancellor of the Exchequer what is his latest estimate for visible imports and exports in the current year.

    Mr. Major The Financial Statement and Budget Report for 1989–90 shows a forecast for the volume growth in both visible exports and visible imports in 1989 of 5½ per cent. Forecasts of the value of visible exports and imports in 1989 are not published.

  • Mr Major’s Written Parliamentary Answer on Balance of Payments – 4 May 1989

    Below is the text of Mr Major’s written Parliamentary Answer on Balance of Payments on 4th May 1989.


    Mr. Fisher To ask the Chancellor of the Exchequer what recent representations he has received on his balance of payments forecast included in the current year’s Budget statement.

    Dr. Moonie To ask the Chancellor of the Exchequer what recent representations he has received on his balance of payments forecast included in the 1989 Budget statement.

    Mr. Major None.