§ Mr. Pawsey
To ask the Chancellor of the Exchequer (1) what is the current estimated level of British overseas investment; and what it was in 1979;
(2) what is the estimated level of dividends received from Britain's overseas investment.
§ Mr. Mellor
The estimated level of overseas direct and portfolio investment by United Kingdom residents at the end of 1990 was £312 billion, compared with £44 billion at the end of 1979. The interest, profits and dividends received by United Kingdom residents from direct and portfolio investment overseas in 1990 were £25.9 billion.