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Trading Deficit

Volume 22: debated on Monday 19 April 1982

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asked the Minister for Trade what was the United Kingdom trading deficit in manufactures less precious stones with the EEC Six in the four months with the average for each year since 1970; and where export prices are not available, if he will publish the corresponding domestic price.

The available information is in the attached table. Corresponding domestic prices are not available.ended December 1981, expressed at an annual rate; and what was the EEC's deficit with Japan over the same period both expressed in per capita terms.

The United Kingdom's crude trade deficit with the original six member States of the European Community in manufactures less precious stones, was about £90 per capita, at an annual rate, between September and December 1981; the present European Community's crude deficit in total trade with Japan was about £25 per capita, at an annual rate, between September and November 1981.Annualised figures can be very unreliable as a guide to the outturn for the year.

asked the Minister for Trade whether he will publish in the Official Report a table showing the United Kingdom deficit with the European Economic Community Six on trade in manufactures less precious stones for the month of January at an annual rate and the corresponding surplus with the rest of the world.

The crude deficit with the European Community Six was £4·7 billion and the crude surplus with the rest of the world was £3·7 billion, expressing the January figures at an annual rate; as monthly trade data are very variable these figures should be treated with caution.