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Trade Balance

Volume 929: debated on Tuesday 5 April 1977

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asked the Chancellor of the Exchequer why he expects there to be a large drop in the surplus on trade in goods and services, with the exception of oil; and what are the implications of this for employment.

I would expect the surplus on trade in goods and services—excluding oil—expressed in constant prices as in table 5 of the Financial Statement and Budget Report, to increase over the next year, thus improving the prospect for employment.