HL Deb 26 July 1993 vol 548 c93WA
Lord Kennet

asked Her Majesty's Government:

Whether they have yet been able to establish the overall cost to the taxpayer of their attempt to support sterling in the run-up to leaving the exchange rate mechanism; if so what it was; and whether "value for money" was obtained.

The Earl of Caithness

For good reasons of market management it has been the long-standing practice of successive governments not to publish figures relating to intervention.