Exchange Rate

Part of Oral Answers to Questions — Oral Answers to Questions – in the House of Commons at 12:00 am on 12 May 1980.

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Photo of Mr Anthony Grant Mr Anthony Grant , Harrow Central 12:00, 12 May 1980

I appreciate the overriding need to contain inflation, but is my hon. Friend aware that the present exchange rate and interest rates are increasingly oppressing a great number of exporters? Will he and his Department, since they are responsible for exports, be urging the Treasury not to be dogmatic but to seek lower interest rates at the earliest possible moment?