§ Mr. Austin Mitchellasked the Chancellor of the Exchequer if he has made any assessment of the difference 427W in the economic and commercial effect on firms making internationally traded goods between an increase in the national insurance surcharge and an appreciation of the exchange rate.
§ Mr. Bruce-GardyneAn accurate assessment of such differences is impossible to make. It depends, among other things, on the size of the changes envisaged; how the increased revenue from the national insurance surcharge is used; and on the cause of the appreciation in the exchange rate.