Biography Chronology Home Search Speeches/Statements

1987-1990 - Mr Major’s Written Parliamentary Answer on Overseas Assets

Below is the text of Mr Major's written Parliamentary Answer on Overseas Assets on 8th June 1989.


Mr. Curry To ask the Chancellor of the Exchequer what are the latest figures for the identified stock of United Kingdom net overseas assets; and what these represent as a share of gross domestic product.

Mr. Major An estimate of the value of the stock of United Kingdom overseas assets identified at end-1988 will be included in the Pink Book in August. The latest estimate is of the order of £115 billion to £120 billion, which represents about one quarter of money GDP.