§ Mr. Teddy TaylorTo ask the Chancellor of the Exchequer if he will make it his policy to permit sterling to establish its value in the exchange markets without intervention directed to any particular exchange rates with other major currencies.
§ Mr. Ryder[holding answer 31 October 1989]: Foreign exchange intervention will continue to be used as necessary to check undue fluctuations in the exchange rate.
§ Mr. Teddy TaylorTo ask the Chancellor of the Exchequer what is his latest estimate of the net contribution to the EEC in 1989.
§ Mr. Ryder[holding answer 31 October 1989]: The Government's latest published estimate of the United Kingdom's net contribution to the Community budget in 1989 is £1,966 million. A new estimate of the United Kingdom's net payments to European Community institutions for the financial year 1989–90 will be published in the Autumn Statement.