HC Deb 14 January 1985 vol 71 cc42-3W
Sir Brandon Rhys Williams

asked the Chancellor of the Exchequer what is his estimate of the exchange rate between the pound sterling and the deutschmark which would correspond to the purchasing power parity, as defined by the Organisation for Economic Co-operation and Development; and how much it differs from the current market rate.

Mr. Ian Stewart

The Government do not make such calculations. Estimates prepared for the OECD are contained in its December 1984 Working Paper No. 17 (Real Gross Product in OECD Countries and Associated Purchasing Power Parities), copies of which are available through the House of Commons Library.

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