Below is the text of Mr Major’s written Parliamentary Answer on Balance of Payments on 15th February 1989.
Mr. Ashton To ask the Chancellor of the Exchequer what is his latest forecast for the balance of payments in 1989 and 1990.
Mr. Major The Autumn Statement provided forecasts of the current account for 1988 and 1989 only. This year the current account deficit was forecast to be £11 billion. As usual a new forecast will be published on Budget day.