§ Mr. Austin Mitchellasked the Chancellor of the Exchequer if he will publish in the Official Report a table showing the percentage change in the effective and real exchange rates for sterling against (a) the deutschemark, (b) the European unit of account, (c) the European monetary system central rate and (d) the dollar each year and currently since the fourth quarter of 1976; and whether and to what extent the European monetary system figures have been affected by the changed value of sterling in the currency basket.
§ Mr. Bruce-GardyneThe information is as follows:
Financial Statistics". The series is also published in Economic Trends and the "Monthly Review of External Trade Statistics". The series in the November IFS goes up to the first quarter of 1981. The depreciation in the effective exchange rate between the first and third quarters was around 11 per cent. The rate of increase in United Kingdom normalised unit labour costs in the first half of this year is thought to have been broadly in line with the average rate of increase for competitor countries, in domestic currencies.