Balance of Payments

Part of Oral Answers to Questions — Trade and Industry – in the House of Commons at 1:43 pm on 19th February 1997.

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Mr. Taylor:

The current account balance was strong in 1985–87, was weak in 1989–90, and is strong again now. As I have said before, there have been only six years since 1946 in which there was a surplus in visible trade: 1956, 1958, 1971, 1980, 1981 and 1982. All those were years in which there was a Conservative Government.