§ Mr. Austin Mitchellasked the Chancellor of the Exchequer what has been the increase in the nominal exchange rate between the £ sterling and each of the currencies of the main manufacturing countries since 1973 and since the fourth quarter of 1976; to what extent this reflects the increase in relative prices; and if he will account for the change in each case.
§ Mr. LawsonI shall let the hon. Member have a reply as soon as possible.