§ Mr. Lawson
To ask the Chancellor of the Exchequer, further to his answer of 22 March,Official Report, column 268, on overseas investment, if he will provide a similar table for investment from outside the EC only.142W
§ Mr. Norman Lamont
[holding answer 15 April 1991]: Complete information on inward investment in the European Community from outside the EC is not available. However, the Statistical Office of the European Communities, in a recent study, made estimates of foreign direct investment in EC member states, adjusted to exclude intra-EC flows. These estimates exclude reinvested profits because a number of member states do not compile such information. The figures for the United Kingdom given in the table below are therefore on a different basis from those published by the CSO. The information is as follows:
Inward net foreign direct investment (excluding reinvested profits) in the EC (Excluding intra-EC investments) million ECU 1984 1985 1986 1987 1988 In EC 6,177 5,637 6,840 12,578 14,278 of which: In United Kingdom 1,995 623 3,324 4,986 4,562 United Kingdom as percentage of EC Total 32 11 49 40 32
Source: Eurostat estimates.