asked the Secretary of State for Trade and Industry what percentage of United States and Japanese direct investment in the European Economic Community came to the United Kingdom in the most recent year for which figures are available; and what the comparable figures were in each of the years back to 1970.
The available information is given in the table. United States and Japanese net direct investment into the European Community*: United Kingdom as a percentage of EC.
United States direct investment† | Japanese direct investment‡ | |
1973 | 26·6 | 80·4 |
1974 | 31·4 | 79·1 |
1975 | 40·8 | 30·0 |
1976 | 27·8 | 14·3 |
1977 | 48·2 | 21·0 |
1978 | 39·4 | 16·8 |
1979 | 41·0 | 14·0 |
1980 | 44·5 | 42·4 |
1981 | 61·1 | 12·0 |
1982 | ║ | 23·2 |
1983 | 54·6 | — |
* Nine member countries up to 1980· Greece included from 1981. | ||
† Direct investment is the annual amount invested in unremitted profits, shares, loans and short term indebtedness by United States companies in their overseas subsidiaries, branches and associates. | ||
‡ Direct investment includes only purchases net of disposals of share capital and long term loans by Japanese companies in their overseas subsidiaries, branches and associates. Unremitted profits, short term loans and trade credit are not included. | ||
║ In 1982 net investment was negative for the United Kingdom but not for the EC. |
Sources: United States Survey of Current Business Japanese Balance of Payments monthly.
asked the Secretary of State for Trade and Industry what was the total amount of United Kingdom direct investment in the rest of the European Economic Community and the amount of European Economic Community direct investment in the United Kingdom, respectively, in the most recent year for which figures are available; and what the comparable figures were in each of the years back to 1970.
The information is given in the table
EC direct investment in the United Kingdom | United Kingdom investment in the EC | |
£ million | £ million | |
1970 | 61·5 | 94·4 |
1971 | 39·0 | 287·3 |
1972 | 43·6 | 244·3 |
1973 | 111·6 | 522·7 |
1974 | 75·5 | 363·7 |
1975 | 98·0 | 168·0 |
1976 | 176·4 | 497·4 |
1977 | 268·2 | 385·2 |
1978 | 290·9 | 584·8 |
1979 | 216·1 | 228·2 |
1980 | 0·5 | 365·2 |
1981 | 27·8 | 591·9 |
1982 | 139·1 | 40·3 |