Orders of the Day — Finance Bill

Part of the debate – in the House of Commons at 4:51 pm on 15th January 1996.

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Photo of Tim Yeo Tim Yeo , South Suffolk 4:51 pm, 15th January 1996

The right hon. Gentleman said that the destruction of the manufacturing industry in this country was at least partly caused by an exchange rate that was too high. In the past few minutes, he seems to have said exactly the reverse. He complains about the destruction of manufacturing industry, yet he criticises the fact that the pound has gone down against the deutschmark—from DM2.90 to DM2.20.