Orders of the Day — Budget Resolutions and Economic Situation

Part of the debate – in the House of Commons at 5:47 pm on 27th November 1996.

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Photo of Mr Robert Sheldon Mr Robert Sheldon Chair, Public Accounts Committee 5:47 pm, 27th November 1996

The danger is surely, though, that the increase in interest rates, which has come recently and is likely to come again, has increased the value of the pound to a level higher than it has been for the past two and a half years. Will that not have some serious effect on our exports, as well as on our imports?