Manufacturing Industry (Hansard, 13 January 1988)

§ 30. Mr. Quentin Davies
To ask the Chancellor of the Duchy of Lancaster what information he has on the outlook for manufacturers costs.

§ Mr. Butcher
In his Autumn Statement my right hon. Friend the Chancellor of the Exchequer forecast that manufacturers' total cost per unit of output would rise by 2 per cent. in 1988.

§ Mr. Teddy Taylor
To ask the Chancellor of the Duchy of Lancaster what was the deficit or surplus which the United Kingdom experienced in manufactured trade with(a) the EEC and (b) the rest of the world, in the most recent 12-month period for which figures are available; and if he will make a statement.

§ Mr. Alan Clark
The information is in the table:

United Kingdom balance of trade in manufactures¹

Balance of payment basis Overseas trade statistics basis

Twelve months ending European Community Rest of World European Community Rest of World

September 1987 -9.9 3.5 -10.8 1.3

November 1987 ֵ ֵ -11.0 1.2

¹ Standard International Trade Classification sections 5 to 8. Figures on a balance of payments basis are available only quatterly. On the overseas trade statistics basis imports, but not exports, include the cost of insurance and freight charges.

ֵ Not available.
Source: United Kingdom Overseas Trade Statistics
Department of Trade and Industry.

§ 36. Mr. Pike
To ask the Chancellor of the Duchy of Lancaster what effect he forecasts on the exports of manufacturing industries in 1988 arising from current exchange rates.
307W

§ Mr. Alan Clark
Exports depend on many factors in addition to exchange rates. My right hon. Friend the Chancellor of the Exchequer will be making a new forecast at Budget time.

United Kingdom balance of trade in manufactures¹
	Balance of payment basis	Overseas trade statistics basis
Twelve months ending	European Community	Rest of World	European Community	Rest of World
September 1987	-9.9	3.5	-10.8	1.3
November 1987	ֵ	ֵ	-11.0	1.2
¹ Standard International Trade Classification sections 5 to 8. Figures on a balance of payments basis are available only quatterly. On the overseas trade statistics basis imports, but not exports, include the cost of insurance and freight charges.