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Capital Account

Volume 164: debated on Monday 18 December 1989

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To ask the Chancellor of the Exchequer how much of the financing of the capital account is made up of (a) the sale of United Kingdom businesses to organisations based abroad and (b) other categories, for the latest year for which figures are available.

The value of acquisitions by overseas companies in 1988 financed from overseas shown in "British Business" (19 September 1989, page 20, table 5), is a substantial part of the figures of direct investment by overseas residents within the total capital transactions account shown in table 8.1 of the "UK Balance of Payments", 1989 edition (the CSO Pink Book). Copies of those publications are in the Library.