Index of Competitiveness

HC Deb 16 March 1977 vol 928 c232W

Mr. Gould

asked the Chancellor of the Exchequer in the light of the new basis for calculating the effective depreciation of the £ sterling, if he will publish a table showing the revised index of competitiveness figures from 1970 to the present.

Mr. Robert Sheldon

The index of export price competitiveness is calculated independently of the effective exchange rate index. Consequently the new basis for calculating the effective depreciation of sterling will not affect the index of export price competitiveness.