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Value Added Tax

I am extremely grateful to my hon. Friend for giving way again; he has been most generous. I wonder whether he agrees with the following point, which I do not think has been raised in the debate so far. Because of the financial incontinence of the Government, such has been the loss of confidence in sterling that even if people are going into the shops to buy imported goods at the supposed 2.5 per cent. reduction, that sum has been far eclipsed by the loss of strength of the pound. That is impacting directly on our constituents' ability to buy such goods to take home for their families.