§ Mr. Gouldasked the Secretary of State for Trade what is his estimate of the Index of Competitiveness for June 1977, based on known facts and trends in the other countries concerned.
§ Mr. Robert SheldonI have been asked to reply.
No single measure can adequately measure competitiveness. Competitiveness refers both to domestic and exports markets and may change with relative prices, profitability and/or costs. The three indices quoted below give a broad indication of our competitive position.