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Inward Investment to UK

Lord Pearson of Rannoch asked Her Majesty's Government:

Lord McIntosh of Haringey: The information requested falls within the responsibility of the Director of the Office for National Statistics, who has been asked to reply.

Letter to Lord Pearson of Rannoch from the Economic Statistics Director of the Office for National Statistics, Mr John Kidgell, dated 11 February 2000.

The Director of the Office for National Statistics (ONS) has been asked to reply to your parliamentary Question on the 10 leading inward investing countries into the United Kingdom over the six years 1993 to 1998. I am replying in Dr Holt's absence.

The only geographical breakdown available is for direct investment. The attached table shows the 10 leading countries in terms of cumulative flows of net direct investment over 1993 to 1998 inclusive, along with the percentage they contribute to the total cumulative net inward direct investment over that period. The figures exclude pure real estate investments by foreign companies.

CountryCumulative inward net* direct investment flows 1993-98 £ millionPercentage of total net* inward direct investment into UK
USA 54,89353
Switzerland 16,20616
Netherlands 6,659 6
Germany 4,980 5
France 4,775 5
Australia 3,304 3
Irish Republic 2,274 2
Belgium & Luxembourg (BLEU) 1,633 2
Bermuda 1,630 2
Norway 1,162 1
Total net* inward direct investment into UK103,162

*Net of disinvestment (i.e. net of flows from UK subsidiaries to their foreign parents).

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Lord Pearson of Rannoch asked Her Majesty's Government:

    Cumulatively, over the six-year period 1993-98 inclusive, what proportion did total inward investment from overseas (excluding investment in real estate) bear to total Gross Domestic Fixed Capital Formation (excluding dwellings and transfer costs on land and buildings).[HL892]

Lord McIntosh of Haringey: The information requested falls within the responsibility of the Director of the Office for National Statistics, who has been asked to reply.

Letter to Lord Pearson of Rannoch from the Economic Statistics Director of the Office for National Statistics, Mr John Kidgell, dated 11 February 2000.

The Director of the Office for National Statistics (ONS) has been asked to reply to your parliamentary Question on the proportion of investment income from abroad (excluding investment in real estate) relative to gross fixed capital formation (excluding dwellings and transfer costs). I am replying in Dr Holt's absence.

The data requested are shown in the table attached and are consistent with those published in the December Balance of Payments First Release and National Accounts First Release. You should note that data for inward investment includes portfolio investment and other financial flows, whereas gross fixed capital formation does not include the acquisition of financial assets.

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Inward Investment and Gross Fixed Capital Investment 1993-98
(£ million at current prices)

ABA/B
TotalTransfer Costs of GDFCF
Grossnon-produced assets less
Fixeddwellings etc
InwardCapitalPublicPrivateNPQX
InvestmentFormationSectorSector-EQBY
HBNSDwellings-DFDF
HBNSCGLO-CGLONPQXDLXQDFDFEQBY-DLXQ
1993163,293460162,833101,23037617,1245,08978,641207%
1994187,575932186,643208,62072535,40910,297162,189115%
1995303,8241,156302,668324,98085154,19315,519254,417119%
1996524,7651,769522,996450,65598474,66022,584352,427148%
1997768,4252,619765,806584,8081,29896,67830,183456,649168%
1998885,6003,317882,283734,0651,315121,44138,002573,307154%

Source: NPQX, DLXQ, DFDF, EQBY 1995-98 UK Economic Accounts No. 28, 1993 and 1994 ONS Databanks.

Source: Inward Investment, See Background note 1.


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Lord Pearson of Rannoch asked Her Majesty's Government:

    Cumulatively, over the six-year period 1993-98 inclusive, what proportion did total inward investment from overseas (excluding investment in real estate) bear to United Kingdom gross domestic product.[HL893]

Lord McIntosh of Haringey: The information requested falls within the responsibility of the Director of the Office for National Statistics, who has been asked to reply.

Letter to Lord Pearson of Rannoch from the Economic Statistics Director of the Office for National Statistics, Mr John Kidgell, dated 11 February 2000.

The Director of the Office for National Statistics (ONS) has been asked to reply to your parliamentary Question on the proportion of investment income from abroad (excluding investment in real estate) relative to the United Kingdom's gross domestic product. I am replying in Dr Holt's absence.

The data requested are shown in the table below and are consistent with those published in the December Balance of Payments First Release and National Accounts First Release. The cumulative total for inward investment (excluding real estate) includes direct, portfolio and other investment.

Cumulative inward investment (excluding investment in real estate)Cumulative Gross Domestic Product at current pricesInward investment (excluding investment in real estate) as a proportion of Gross Domestic Product
£ million£ million%
1993162,833637,81725.5
1994186,6431,313,85314.2
1995302,6682,026,40114.9
1996522,9962,781,00218.8
1997765,8063,584,89121.4
1998882,2834,432,31119.9

Source:

Office for National Statistics.


Film Industry: Working Conditions for Women

Baroness Anelay of St Johns asked Her Majesty's Government:

    What meetings have been held by the Minister for Women with the Minister for Film since 7 December 1999 to discuss how conditions in the film and broadcasting industries affect women in particular; and what action will be taken by the Government as a result of those meetings.[HL715]

Lord McIntosh of Haringey: The two Ministers have not met since 7 December to discuss these issues. My honourable friend the Minister for Tourism, Film and Broadcasting attended the annual awards ceremony of the Women in Film and Television organisation on 7 December, when their report on working conditions

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was launched, and discussed the implications with its authors on 25 January. She is taking these issues forward with the film and broadcasting industries and in consultation with my noble friend the Minister for Women, and with Women in Film and Television.

Tourist Attractions: Closures

Baroness Anelay of St Johns asked Her Majesty's Government:

    What is their response to the evidence in the report, Sightseeing in the UK 1998 (published by the English Tourism Council), that for the first time more attractions are recorded as having closed than those opened as new businesses.[HL904]

Lord McIntosh of Haringey: This is an issue we are watching closely and which we have asked the English Tourism Council to address when developing its strategy to help plan for the longer-term success of the attractions sector. ETC will be working in partnership with the attractions industry and proposes to deliver the strategy to government by September 2000.

Sterling: Values

Lord Swinfen asked Her Majesty's Government:

    Whether they will give in tabular form the values of the pound sterling against the United States dollar, the Japanese yen and the Euro since 1 January 1999.[HL933]

Lord Mcintosh of Haringey: The information requested falls within the responsibility of the Director of the Office for National Statistics, who has been asked to reply.

Letter to Lord Swinfen from the Director of Social Statistics of the Office for National Statistics, Mr John Pullinger, dated 14 February 2000.

The Director of the Office for National Statistics (ONS) has been asked to reply to your parliamentary Question on exchange rates. I am replying in Dr Holt's absence.

The values of the pound sterling against the United States dollar, the Japanese yen and the Euro are given in the table below. The rates shown are average daily rates (excluding bank holidays and weekends) as recorded by the Bank of England at around 4 p.m. each day.

Japanese
US $YenEuro
1999 January1.6509187.071.4236
1999 February1.6276189.691.4534
1999 March1.6220193.821.4902
1999 April1.6105192.611.5051
1999 May1.6154197.221.5186
1999 June1.5950192.571.5374
1999 July1.5748188.111.5205
1999 August1.6073182.191.5146
1999 September1.6243173.741.5458
1999 October1.6571175.661.5490
1999 November1.6214169.691.5706
1999 December1.6132165.701.5953
2000 January1.6402172.891.6201

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