§ Mr. Austin Mitchellasked the Chancellor of the Exchequer what have been the changes in the value of the pound 53W since (a) January 1971 (b) February 1974, (c) October 1976 and (d) January 1978 as against the United States dollar, the German mark, the French franc and the Japanese yen.
§ Mr. LawsonThe information requested can be derived from "Financial Statistics".
§ Mr. Austin Mitchellasked the Chancellor of the Exchequer what representations he has received about the effect of the value of the £ sterling on manufacturing exports.
§ Mr. LawsonA number of representations have been received about the difficulties caused for exporters by the recent strength of sterling. Other correspondents have acknowledged the beneficial effect of a high exchange rate on the domestic price level.