Written question asked by Austin Mitchell (Labour), in the House of Commons. It was due for an answer on Tuesday, 3 June 1997. It was answered by Baroness Liddell of Coatdyke (Labour) on Tuesday, 3 June 1997 on behalf of the Treasury.

Treasury

Question: What estimate he has made of the effect of rises in exchange rates on output and employment in (a) manufacturing industry and (b) the rest of the economy since 1994.

Answer: Mr. Mitchell: To ask the Chancellor of the Exchequer what estimate he has made of the effect of rises in exchange rates on output and employment in (a) manufacturing industry and (b) the rest of the economy since 1994. [1558] Mrs. Liddell: There are many factors, in addition to changes in the exchange rate, which can affect output and employment in manufacturing industry and the rest of the economy; and it is difficult to isolate their separate effects. However, the Government are aware that the recent appreciation of sterling is making life difficult for manufacturing industry.

Secondary information