§ Mr. WelshTo ask the Chancellor of the Exchequer what estimate he has made of the impact of his budget proposals on the value of sterling. [116522]
§ Mr. Andrew Smith[holding answer 28 March 2000]: Sterling's exchange rate is affected by many factors and events, both here and abroad. It is not possible to isolate the impact of the Budget on the value of sterling with any degree of precision.
§ Mr. WelshTo ask the Chancellor of the Exchequer what estimate he has made of the value of sterling for(a) 2000, (b) 2001 and (c) 2002 using Treasury models. [116523]
§ Mr. Andrew Smith[holding answer 28 March 2000]: The Treasury does not forecast movements in the exchange rate.