§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer what has been the change since 1992 in the dollar value of Italian imports and exports of goods expressed as a percentage difference from the United Kingdom figures to the United Kingdom for the latest three months for which like figures are available; and what has been the corresponding change in the exchange rate against the ecu, the deutschmark and the dollar respectively.
§ Mr. NelsonUnited Kingdom exports to Italy, expressed as a proportion of Italian exports to the United Kingdom, have risen by around 6 percentage points, from 1992Q3 to 1994Q3. Over the same period sterling has depreciated by some 9.5 per cent. against the ecu, 15.5 per cent. against the deutschmark, and 19.5 per cent. against the United States dollar.