§ Mr. MacShaneTo ask the Chancellor of the Exchequer what estimate he has made of the impact of a32W devaluation of the French franc equivalent to the devaluation of the pound sterling since 1992 on British trade with France. [17961]
§ Mrs. Angela KnightNo estimate has been made of the impact of such a devaluation of the French franc on British trade with France.
However, British trade with France depends on a wide range of factors, of which the exchange rate is only one, and it is difficult to disentangle the various influences. In any case, without knowing the circumstances surrounding a devaluation of the French franc, it would be impossible to estimate its likely effects.
§ Mr. MacShaneTo ask the Chancellor of the Exchequer what estimate he has made of the impact of a devaluation of the German mark equivalent to the devaluation of the pound sterling since 1992 on British trade with Germany. [17960]
§ Mrs. KnightNo estimate has been made of the impact of such a devaluation of the German mark on British trade with Germany.
However, British trade with Germany depends on a wide range of factors, of which the exchange rate is only one, and it is difficult to disentangle the various influences. In any case, without knowing the circumstances surrounding a devaluation of the German mark, it would be impossible to estimate its likely effects.