§ Mr. Austin Mitchellasked the Chancellor of the Exchequer whether he will publish in the Official Report the correlation between the exchange rate, growth in exports and profitability between 1970 and 1980 for (a) Japan, (b) the United Kingdom, (c) the United States of America and (d) West Germany.
§ Mr. LawsonI refer the hon. Member to the Treasury macroeconomic model manuals of October 1979 and May 1980, together with Treasury working papers Nos. 2 and 10. These contain estimates of the determinants of exports in the United Kingdom, Germany, Japan and the United States, as well as an interpretation of the results.