§ 31. Mr. Kirkwood
To ask the Chancellor of the Exchequer what recent representations he has received about the current level of sterling. 
§ Mrs. Liddell
The Chancellor has received a number of representations concerning the exchange rate. The Government want a stable and competitive pound over the medium term, consistent with the objective of price stability. The focus of policy will be on achieving the low inflation and sound public finances which are the necessary conditions for sustained exchange rate stability.