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Trade Deficit

Volume 934: debated on Wednesday 29 June 1977

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asked the Secretary of State for Scotland what consideration he has given to the latest estimate by the Scottish Council of the £253 million annual deficit by Scotland with the rest of Great Britain; what estimate he has made of the component parts of this deficit; and if he will make a statement.

I understand that the figure of £253 million is an estimate from the Scottish Input-Output Project of the Scottish deficit on trade in goods and services with the rest of the world—including the rest of the United Kingdom—in 1973. It is made up of a modest surplus on trade with the rest of the world and a large deficit on trade with the rest of the United Kingdom.

159 final resolutions have so far been made to declare housing action areas, and my right hon. Friend has agreed that a further 62 draft resolutions should proceed