§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer (1) what has been the change in the real exchange rate measured in terms of relative export unit values for manufacturing against the deutschmark since the lowest day's average in February 1993;
(2) in what periods since 1975 British manufactures have been less competitive on price against those of the EEC than in the second quarter of 1994.
§ Mr. NelsonSterling exchange rates against the currencies of the EU can be found in "Financial Statistics", published monthly by the Central Statistical Office. Unit value export prices of goods for these countries can be found in "International Financial Statistics", published monthly by the International Monetary Fund. Unit value export prices of manufactures for the main manufacturing countries, which excludes some of the EU, can be found in the "Monthly Review of External Trade Statistics", published monthly by the Central Statistical Office. Data on unit value export prices of manufactures for all EU countries are not readily available.
Together, these data can be used to calculate changes over time in relative export prices for goods against Germany and all other EU countries, and relative export prices for manufactures against some EU countries, including Germany.