Treasury written question – answered at on 7 April 2010.
Jim Cousins
Labour, Newcastle upon Tyne Central
To ask the Chancellor of the exchequer what the (a) total monetary value of and (b) proportion of net investment income in the UK balance of payments has been in each year since 2006.
Sarah McCarthy-Fry
Parliamentary Secretary, HM Treasury
Official estimates of the current account, including net investment income are available from the Office for National Statistics.
The information requested is as follows:
| Net investment income | ||
| £ billion | Percentage of current account flows | |
| 2006 | 9.6 | 15.2 |
| 2007 | 20.1 | 26.2 |
| 2008 | 30.2 | 36.7 |
| 2009 | 28.7 | 37.8 |
Yes2 people think so
No2 people think not
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
