HC Deb 04 February 2002 vol 379 c692W
Mr. Hoban

To ask the Chancellor of the Exchequer what assessment he has made of the impact on the economy of a fall in the value of sterling relative to(a) the US dollar, (b) the euro and (c) the yen by 10 per cent. compared with its rate at 1 January. [32865]

Ruth Kelly

The effects of exchange rate changes depend on the drivers of the changes, and are difficult to isolate with any confidence.