§ Mr. Wigley
asked the Chancellor of the Exchequer if he will make a statement on the value of the exchange rate of the £ sterling against the dollar in view of the detrimental effect this is having on manufacturing industries which export to the United States of America.
§ Sir Geoffrey Howe
I refer the hon. Member to the reply I gave on 3 July to my hon. Friend the Member for Birmingham, Selly Oak (Mr. Beaumont Dark.)