Green Pound

HC Deb 17 January 1980 vol 976 cc848-9W

21. Mr. Sheerman

asked the Minister of Agriculture, Fisheries and Food if he will make a statement on the long-term future of the green pound.

Mr. Peter Walker

The common agricultural policy will need to continue to employ green rates for the forseeable future, to deal with currency fluctuations. The Government's policy is to devalue the green pound within the normal lifetime of Parliament to a point which will enable United Kingdom producers to compete on equal terms with those in the rest of the Community.

24. Mr. Leighton

asked the Minister of Agriculture, Fisheries and Food what recent representations he has received from the Food Manufacturers Federation about the green pound.

Mr. Wiggin

The president of the Food Manufacturers' Federation sent my right hon. Friend a copy of his representations to the Prime Minister on 5 December about the effects of a green pound devaluation on the food industry.