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Overseas Investments

Volume 951: debated on Tuesday 13 June 1978

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asked the Chancellor of the Exchequer by what percentage privately owned overseas portfolio investments outside the Common Market have increased or deceased during the last 12 months; and how this compares with the preceding 12 month period and with the corresponding figures for the Common Market countries.

During the 12 months to the end of March 1978, United Kingdom residents made an identified net purchase of non-EEC countries' securities of £166 million, compared with a net sale of such securities of £289 million in the previous 12 months. Identified purchases of EEC countries' securities during the 12 months to the end of March 1978 amounted to £11 million, compared with purchases of £7 million in the preceding 12 months. At the end of 1976, the latest date for which information is available, the stock of United Kingdom private portfolio investment in the EEC and rest of the world was £8,150 million. Information on the stock of United Kingdom private portfolio investments overseas by area is not available.

asked the Chancellor of the Exchequer whether he will publish the National Economic Development Office's study of overseas investment by British companies.

The decision whether to publish this paper rests with the National Economic Development Office.

NET RECFIPTS OF INCOME TAX AND SURTAX
£ millionPer householdPer capita
££
1977–7817,450·0872312

Source: Inland Revenue receipts.

Total Government revenue from all taxes per capita £

Total Central Government revenue from all taxes per capita £

Average amount of tax and national insurance contributions per capita £

1975548477684
1976629549795
1977726637911

Source: National accounts.

Taxes on income

Taxes on income plus taxes on expenditure

Excise duties

Employees' social security contributions

Total current account receipts of central government

as a proportion of gross domestic product at factor cost

197517·828·71·22·839·1
197617·128·21·32·839·0
197716·629·11·22·839·9

as a proportion of gross domestic product at market prices*

197516·025·91·12·535·2
197615·325·21·22·534·8
197714·525·51·12·535·0

* Movements in total taxes expressed as a proportion of gross domestic product valued at market prices may reflect changes in the relative shares of direct and indirect taxation.

Taxes on income

Taxes on income plus taxes on expenditure

Excise duties

Employees' social security contributions

Total current account receipts of central government

as a proportion of gross domestic product at factor cost

197517·828·71·22·839·1
197617·128·21·32·839·0
197716·629·11·22·839·9

as a proportion of gross domestic product at market prices*

197516·025·91·12·535·2
197615·325·21·22·534·8
197714·525·51·12·535·0

* Movements in total taxes expressed as a proportion of gross domestic product valued at market prices may reflect changes in the relative shares of direct and indirect taxation.

Source: National accounts.