§ 20. Mr. Biffen
asked the Secretary of State for Industry if he will make a statement on the implication for British industrial investment and exports presented by the proposed European monetary system of fixed exchange rates.
§ Mr. Cryer
The arrangements under which the propsed system would operate are still under discussion. The Government have made clear their concern that these arrangements should not be prejudicial to growth in Europe. The Government will also take fully into account the implications for the British manufacturing industry.