§ Mr. Skeetasked the Secretary of State for Trade, of the oil balance of trade for the 12 months to November 1982, of plus £4,283 million, to what extent this has been enhanced by the fall in the £ sterling against the United States dollar.
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§ Mr. Peter ReesOn the assumption that other factors remained unchanged, it is estimated that the oil surplus would have been lower by some £250 million if the sterling-dollar exchange rate had not fallen.