Overseas Investment

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 8th July 1969.

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Photo of Mr James Dickens Mr James Dickens , Lewisham West 12:00 am, 8th July 1969

Is my right hon. Friend aware that last year—a year allegedly of economic crisis—the gross export of capital from this country at £621 million was the highest in any single year since the war and that the trend has continued in the first quarter of 1969? Does he not appreciate that the seed corn of this country is an industrial investment at home and that it makes sheer nonsense to build up Australia at the expense of economic expansion in Britain?