HC Deb 12 May 1988 vol 133 c207W
3. Mr. Worthington

To ask the Chancellor of the Exchequer what estimates he has made of the effect on the United Kingdom balance of payments of recent changes in the sterling/United States dollar exchange rate.

59. Mr. Nigel Griffiths

To ask the Chancellor of the Exchequer what estimates he has made of the effect on the United Kingdom balance of payments of recent changes in the sterling exchange rate.

Mr. Lawson

The outcome for the current account of the balance of payments depends on many more factors than just the sterling-dollar exchange rate. Much more important for the maintenance of competitiveness is the need to control unit costs.