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Balance Of Payments

Volume 978: debated on Monday 11 February 1980

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asked the Chancellor of the Exchequer what would have been the balance of payments deficit in 1979 without the direct contributions of oil and gas specified in the written answer of 23 January to the hon. Member for Walthamstow.

As I explained in that reply, it is not possible to estimate what the deficit would have been in 1979 without the contributions of oil and gas.