§ Dr. FoxTo ask the Chancellor of the Exchequer what measurements of currency of invoice he makes in assessing the short-run impact of exchange rates changes on the economy; and if he will publish the data for the last five years. [15457]
§ Mrs. Liddell[holding answer 11 November 1997]: Publication of regular data on currency of invoice ceased in 1988. Data for 1984–88 were provided to the 626W hon. Member on 4 November 1997, Official Report, columns 101-02 in response to previous questions and the available evidence suggests that use of foreign currency is fairly stable over time.
These data are used to inform the Treasury's assessment of the short-run impact of exchange rate changes on the economy.