§ 45. Mr. Malcolm Bruce
To ask the Chancellor of the Exchequer what percentage of Britain's foreign exchange earnings for 1988 are accounted for by(a) visible exports and (b) invisibles.
§ Mr. Norman Lamont
Britain's visible exports for 1988 totalled £81 billion. It is not possible to give a meaningful figure for gross invisibles credits as some items are measured as net flows.