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Mr. Knox
asked the Chancellor of the Exchequer what has been the balance of payment surplus or deficit in each year since 1945.
Mr. Lawson
Estimates of the United Kingdom's balance on current account for the years 1946 to 1975 are available on page 125 of Economic Trends, Annual Supplement 1980 Edition, a copy of which is available in the House of Commons Library. The official comparable figures are not available for 1945. The latest estimates for 1976–79 are as follows:
| £ million | |
| 1976 | —1,152 |
| 1977 | —202 |
| 1978 | +714 |
| 1979 | —2,418 |