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Exchange Rates

Volume 485: debated on Tuesday 9 December 2008

To ask the Chancellor of the Exchequer what estimate he has made of the (a) sterling and (b) foreign currency liabilities due to non-residents in less than six months (i) in cash terms, (ii) as a proportion of UK gross domestic product and (iii) as a proportion of short-term foreign currency assets of the UK authorities and banking institutions. (240301)

I have been asked to reply.

The information requested falls within the responsibility of the UK Statistics Authority. I have asked the authority to reply.

Letter from Joe Grice, dated December 2008:

The National Statistician has been asked to reply to your recent question asking for the a) sterling and (b) foreign currency liabilities due to non-residents in fewer than six months (i) in cash terms, (ii) as a proportion of UK gross domestic product and (iii) as a proportion of short-term foreign currency assets of the UK authorities and banking institutions. I am replying in her absence. (240301)

The Office for National Statistics does not collect data for the remaining time to maturity for liabilities due to non-residents; they are solely recorded on the basis of their original time to maturity. Therefore, the information requested is not available from official sources.

Quarterly data for UK short term assets with, and liabilities to, non-residents are published in tables B17, B18, B19 and B20 of United Kingdom Economic Accounts, copies of which have been placed in the Library of the House.