HC Deb 30 October 1997 vol 299 c882W
30. Dr. Cable

To ask the Chancellor of the Exchequer if he will make a statement on the current sterling exchange rate. [12678]

Mrs. Liddell

Sterling has fallen back in recent months and has been more stable. The Government want to see a stable and competitive pound over the medium term, consistent with the objective of price stability.

35. Ms Stuart

To ask the Chancellor of the Exchequer what measures he intends to take to protect manufacturing industry in the west midlands from the adverse effects of the current sterling exchange rate. [12683]

Mrs. Liddell

The Government want a stable competitive pound over the medium term, consistent with the objective of price stability. Industry is best helped by Government preventing any return to the cycle of boom and bust, and to pursue sound, long-term macroeconomic policies.

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