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Manufactured Goods

Volume 131: debated on Thursday 14 April 1988

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50.

To ask the Chancellor of the Exchequer what was the balance of payments deficit or surplus for manufactured goods in 1979; and what he expects this deficit or surplus to be in 1988.

79.

To ask the Chancellor of the Exchequer what was the balance of payments deficit or surplus for manufactured goods in 1979; and what he expects this deficit or surplus to be in 1988.

85.

To ask the Chancellor of the Exchequer what was the balance of payments deficit or surplus for manufactured goods in 1979; and what he expects this deficit or surplus to be in 1988.

In 1979 the balance of trade in manufactured goods was a surplus of £2·7 billion. The forecast published at the time of the Budget was for a deficit on trade in manufactures of £8½ billion in 1988. The current account as a whole is expected to show a small deficit of £4 billion in 1988, less than 1 per cent. of GDP.