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Foreign Earnings

Volume 165: debated on Friday 19 January 1990

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To ask the Chancellor of the Exchequer what has been the level of foreign earnings of each category of financial institution in the City of London in 1979, 1984 and 1989 or the latest date for which information is available, at current prices and at constant 1989 prices.

[holding answer 18 January 1990]: The available information at current prices up to and including 1988 is given in the published annual Pink Books on the United Kingdom balance of payments (table 6.1) and on the CSO databank. An assessment at constant prices can be made using the implied gross domestic product price deflators published in "Economic Trends" (table 2) which is also available on the CSO databank. These publications are available in the Library.