HC Deb 16 February 1981 vol 999 c42W
55. Mr. Marlow

asked the Chancellor of the Exchequer if he will make a statement on the competitive position of British industry in relation to the deutschemark and franc parities.

Mr. Lawson

The table below sets out movements in the International Monetary Fund's index of relative normalised unit labour costs for France, Germany and the United Kingdom during 1979 and 1980:

Gross payments £ million receipts Net payments
1978 1,348 544 804
1979 1,606 659 947
1980 1,862 1,157 705

Receipts for 1980 include the advance payment under the supplementary measures scheme of £97.6 million received in December 1980.