§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer (1) what steps the Government take to predict the volume of imports and exports of manufactured independently of past and future movements in nominal and real exchange rates against both the ecu and non-ecu currencies;
(2) what account the Government have taken of the divergent movements in both the nominal and the real exchange rate between the ecu and non-ecu currencies in recent years in producing economic forecasts.
§ Mr. NelsonThe Government's forecasts, including those for export and import volumes, are given in the summer economic forecast. As discussed there, they reflect a range of influences including competitiveness, world trade and domestic demand.