HC Deb 05 December 1986 vol 106 c850W
Mr. Deakins

asked the Minister of Agriculture, Fisheries and Food what will be the effect on prices received by United Kingdom farmers of the recent European Economic Community Commission proposal to devalue the green pound.

Mr. Jopling

Implementation of the Commission's proposal to devalue the green pound by 6 per cent. for beef and 2 per cent. for sheepmeat would increase support prices in the United Kingdom by about 4.9 per cent. for beef and 1.6 per cent. for sheepmeat, and add about £50 million to farm incomes in a full year.