HC Deb 27 October 1992 vol 212 cc563-4W
Mr. Austin Mitchell

To ask the Prime Minister in agreeing to the pit closures what account he took of the effect on competitiveness of the changes in exchange rate between the pound and the dollar; and if he will publish a table showing for each year since 1970(a) the relative unit value of United Kingdom exports compared with those of the United States of America in each year based on the second half of 1973 equals 100 and the fourth quarter of 1986 equals 100, (b) the world price of coal in terms of dollars and (c) an index of freight rates from (i) the United States of America, (ii) Australia and (iii) the contract price for United Kingdom coal delivered to power stations.

The Prime Minister

[holding answer 23 October 1992]: The competitiveness of British-mined coal was considered at a range of pound:dollar exchange rates. The other information requested cannot be supplied in the time available and my right hon. Friend the President of the Board of Trade will write to the hon. Member.

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