HC Deb 09 March 2000 vol 345 c817W
Dr. Desmond Turner

To ask the Chancellor of the Exchequer if he will take steps to help reduce the level of sterling. [112223]

Mr. Andrew Smith

The Government want a stable and competitive pound over the medium term that is consistent with price stability, but does not have a target for the exchange rate. The best contribution the Government can make, consistent with this objective, is to maintain sound public finances and low inflation.