§ Mr. Barry JonesTo ask the Secretary of State for Wales what assessment he has made of the impact of the value of sterling upon manufacturing in Wales. [124425]
§ Mr. Paul MurphyI understand the concerns over the strength of sterling against the euro. But the Government are determined to take the long-term view. The Government's policies are aimed at achieving sustained growth, sound public finances and low and stable inflation. Manufacturers who have suffered from the old boom and bust cycle would not want a return to short-term, quick fixes, which jeopardise long-term stability.