§ Mr. Austin Mitchell
asked the Secretary of State for Trade and Industry what is the percentage increase in the value of the pound sterling against the deutschmark since the end of March; and if he will estimate the effect this will have on the production of chemicals in the United Kingdom.
§ Mr. Alexander Fletcher
The pound sterling increased against the deutschmark by 7.5 per cent. between the week ending 1 April 1983 and the week ending 24 June. It is not possible to assess the effect this will have on the production of chemicals in the United Kingdom in isolation from the effect of other exchange rate changes over the same period and over other periods.