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Eec Countries (Investment)

Volume 884: debated on Thursday 23 January 1975

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asked the Chancellor of the Exchequer what has been the total British investment in EEC countries since entry, and the total investment in Great Britain of EEC capital since entry.

The available information relates to direct investment by parent companies in overseas affiliates. Preliminary estimates for 1973 indicate a range of £330–£410 million for United Kingdom outward direct investment in other EEC countries and around £50 million for inward direct investment from other EEC countries. These figures include reinvested profits and are net of disinvestment. Most outward investment other than reinvested profits is financed by borrowing overseas. Figures of portfolio, oil and miscellaneous investment cannot at present be analysed so as to identify transactions with other EEC countries.