§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer what is his estimate of the amount by which the exchange rate would have to fall to enable the United Kingdom to bring the current account back into balance(a) including and (b) excluding North sea oil at the current level of employment, all other things being equal.
§ Mr. NelsonThe latest figures show that the current account is no longer in deficit. In the third quarter of 1994 there was a current account surplus of £800 million and the current account excluding oil was close to balance at—£200 million.
§ Sir Russell JohnstonTo ask the Chancellor of the Exchequer if he will publish a table showing the value of the pound sterling against the deutschmark and the French franc in December of the years 1970, 1980, 1990 and 1994.
§ Mr. NelsonMonthly data on exchange rates are published by the CSO in table 7.1A of financial statistics. These data are also available on the CSO database which can be accessed through the Members' Library.