§ 52. Sir Anthony Royleasked the Minister for Trade if he will make a statement setting out his policy and criteria for reaching decisions on references to the Monopolies and Mergers Commission.
Consumer goods current weighted index numbers (1975=100 OTS basis) Table 1—Terms of Trade* Total Machinery Passenger Motor Cars Misc. SITC (R2) 7 & 8 less SNA (Pt) 71–77 Pt 781 8 (Pt) 1979 102 117 103 102 1980 109 134 105 109 1981 107 135 108 103 1982 109 147 111 104 * Export unit value index as a percentage of the import unit value index.
Consumer goods current weighted index numbers Table 2—Relative volume* Total Machinery Passenger Motor Cars Misc. SITC (R2) 7 & 8 less SNA (Pt) 71–77 Pt 781 8 (Pt) 1979 63 58 33 90 1980 66 58 39 87 1981 58 35 38 78 1982 52 30 31 75 * Export volume index as a percentage of the import volume index. The most significant factor in the rise in the terms of trade in this period was a sharp rise in export prices in 1980. The substantial fall in exports in 1981 was the most significant component of the fall in relative volume.