§ 4. Mr. Norman Hogg
asked the Chancellor of the Exchequer what impact the fall in the level of the pound sterling since the summer of 1982 has had upon the United Kingdom's relative competitiveness.
§ Mr. Brittan
Relative costs have fallen about 8 per cent. since the summer. But competitiveness reflects other factors, including meeting delivery dates, reliability and design.
§ 16. Mr. Home Robertson
asked the Chancellor of the Exchequer what was the level of the pound sterling against the $ U.S., and against the trade weighted exchange rate index in March 1982; and by what percentage these figures changed by March 1983.
§ Mr. Hayhoe
The average value of the pound sterling against the United States dollar in March 1982 was $1.8072. The average value of the pound sterling's effective exchange rate index in that month was 90.8. By March 1983 the pound sterling had depreciated against the United States dollar by l7.5 per cent. and in effective terms by 12.9 per cent.