§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer what information he has on the effect that membership of the ERM has had on manufacturing180W output in France and Italy; and if he will publish figures showing for each the average annual rate of growth in output in 1959 to 1969, 1969 to 1979 and 1979 to 1988.
§ Mr. RyderERM membership is only one of many possible influences on manufacturing output in France and Italy. Following is the further information requested on manufacturing output.
Manufacturing output growth Average annual percentage change 1960–69 1969–79 1979–88 France 5.8 3.6 0.4 Italy 7.3 3.6 1.5