§ Mr. Onslowasked the Minister of Technology (1) what effect devaluation will have upon the selling price of the Concord;
(2) what effect devaluation will have upon the selling price of the VC10 and BAC 111 aircraft;
(3) what estimate he has formed of the effects of devaluation on the European Air-Bus project;
(4) what increased overseas sale of British aircraft he estimates will result from devaluation during the period up to November, 1968.
§ Mr. StonehouseDevaluation improves the prospects for overseas sales of British aircraft, and I am confident that the manufacturers will take every advantage of the new opportunities. Selling prices are for them to negotiate.
The effect of devaluation on the selling price of the Concord and of the Airbus will need to be discussed with our partners in those projects; here again, overseas sales prospects should be improved since the sterling element of their price becomes cheaper in overseas markets.