HC Deb 08 April 1982 vol 21 c448W
Mr. Austin Mitchell

asked the Chancellor of the Exchequer what was the fall in the real exchange rate between the fourth quarter of 1980 and the corresponding period in 1981; and what effect this had on United Kingdom exports.

Mr. Bruce-Gardyne

I refer the hon. Member to the reply given to him on 11 December 1981. Past experience suggests that the improvement in competitiveness since 1980 Q4 will have a beneficial effect on United Kingdom exports but that the size of the effect and the time lags are uncertain.