Scottish Export Supply Chains

Part of International Trade – in the House of Commons at on 3 November 2022.

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Photo of Peter Bone Peter Bone Conservative, Wellingborough

Before I came to this place, I ran a manufacturing company and did a lot of exporting, in particular to the United States of America. In relation to the second part of this question, when dealing with a big contract one buys the currency forward. However, is it not a fact that the fall in the value of the pound against the dollar has made Scottish exports much more attractive, because they are cheaper in America, and made imports more expensive? Is that not a good thing?

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The House of Commons.