Autumn Statement

Part of the debate – in the House of Commons at 7:18 pm on 14 January 1988.

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Photo of Quentin Davies Quentin Davies , Stamford and Spalding 7:18, 14 January 1988

In his remarks, does the hon. Gentleman take any account of the extreme difficulty that we have had recently in preventing the pound from appreciating above three deutschmarks? How on earth can we contemplate pursuing a devaluation for parity at present, even if we wished to do so, without simply appalling monetary consequences?