The Rt. Hon. Sir John Major KG CH

Prime Minister of Great Britain and Northern Ireland 1990-1997

Chief Secretary (1987-1989)

Mr Major’s Written Parliamentary Answer on Overseas Assets – 9 July 1987

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Below is the text of Mr Major’s written Parliamentary Answer on Overseas Assets on 9th July 1987.

Mr. Quentin Davies Asked the Chancellor of the Exchequer if he will make a statement on the present level of net United Kingdom assets overseas.

Mr. Hannam Asked the Chancellor of the Exchequer if he will make a statement on the present level of net United Kingdom assets overseas.

Mr. Major Net United Kingdom overseas assets are estimated to have increased from about £80 billion at the end of 1985 to about £110 billion at the end of 1986. This is equivalent to 28 per cent. of GDP, the highest recorded level since the war.