§ Mr. Campbell-SavoursTo ask the Secretary of State for Trade and Industry (1) whether he will call for information from the London International Financial Futures Exchange on dealings with the LIFFE short sterling contract market, the gilt futures market and the TSE 100 futures market in the 90 minutes immediately prior to the Chancellor of the Exchequer's statement of a cut in base rates and exchange rate mechanism entry at 4 pm on Friday 5 October;
(2) whether he will call for information from the London International Financial Futures Exchange on dealings in the LIFFE market in the 90 minutes immediately prior to the Chancellor of the Exchequer's statement of a cut in base rates and exchange rate mechanism entry at 4 pm on Friday 5 October.
§ Mr. RedwoodThe London International Financial Futures Exchange is conducting a review of trading on 5 October before the announcement of entry into the exchange rate mechanism. This review has not yet been completed. However, the exchange has told me that the trading records of the individual firms and of the market as a whole provide no evidence of any prior knowledge of the announcement.
§ Mr. Campbell-SavoursTo ask the Secretary of State for Trade and Industry whether he will call for 51W information from the stock exchange surveillance department on dealings in the stock exchange in the 90 minutes immediately prior to the Chancellor's statement of a cut in base rates and exchange rate mechanism entry at 4 pm on Friday 5 October.
§ Mr. RedwoodThe International Stock Exchange has conducted a review of equity trading on 5 October before the announcement of entry into the exchange rate mechanism. It has told me that the trading records of individual firms and of the market as a whole provide no evidence of any prior knowledge of the announcement.