§ Mr. Austin Mitchell
asked the Chancellor of the Exchequer whether he will bring up to date the reply dated 20 November 1979, Official Report, c. 154, to a written question from the hon. Member for Grimsby concerning the effect of exchange rate changes on trade in manufactures.
§ Mr. Bruce-Gardyne
Long run competitiveness elasticities for exports and imports of manufactures in the Treasury model are given in the technical manual, published in November 1982. The competitiveness elasticity in the equation for exports of manufactures was updated in the latest public version of the model, released in December and available to Members through the House of Commons Library.