HC Deb 16 June 1980 vol 986 c362W
34. Mr. Allen McKay

asked the Secretary of State for Trade what effect the recent rise in the value of the £ sterling will have on the prospects for British exporters.

Mr. Parkinson

In the short run, because of an adverse impact on competitiveness, our export prospects may well be reduced. But a strong exchange rate should help to contain inflation, which is fundamental for improving our longer-term export performance.