Sir Nicholas Soames: To ask Mr Chancellor of the Exchequer, what estimate he has made of the likely level of earnings from UK overseas assets over the next 10 years; and if he will make a statement.

Greg Hands, Chief Secretary to the Treasury: The latest forecasts by the Office of Budget Responsibility show that the UK’s net investment income is expected to move to a surplus of £0.5bn in 2018, rising to £4.9bn by 2020.

Further information can be found in the OBR Economic and Fiscal Outlook.

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