The text on this page has been created from Hansard archive content, it may contain typographical errors.
Mr. Ridley
asked the Chancellor of the Exchequer whether the forecast published by the Treasury on 26th October assumed the revaluation of the £ sterling ; and if it did not, whether he will publish a revised forecast that takes the revaluation into account.
Mr. Robert Sheldon
The forecast assumed that the effective exchange rate was constant at the level prevailing when it was prepared. It is not proposed to issue a new forecast on different assumptions.