HC Deb 17 May 1989 vol 153 cc232-3W
30. Mr. Beaumont-Dark

To ask the Chancellor of the Duchy of Lancaster what effect the current rate of the pound sterling against the deutschmark and dollar is having on export performance of manufacturing industry.

Mr. Alan Clark

Manufacturing industry continues to improve its expert performance. The first quarter volume rose by 5 per cent. compared with the last quarter of 1988.

36. Mr. Kirkwood

To ask the Chancellor of the Duchy of Lancaster what advice his Department is giving to export industries regarding the exchange rate of sterling.

Mr. Alan Clark

Our consistent advice to exporters on exchange rates has been that they should consider protecting themselves against the risk of exchange rate fluctuation and to consult experts, primarily the banks, about the best way of doing this.