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Exchange Rate (International Comparisons)

Volume 958: debated on Tuesday 14 November 1978

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asked the Chancellor of the Exchequer if he will list in descending order the change in the effective exchange rate from February 1974 to the latest available date of Canada, France, Italy, Japan, the United Kingdom, the United States of America and West Germany.

The percentage changes in effective exchange rates bet- umn C the estimated total Customs and Excise staff effort based on the staff in post at the end of each of the financial years. Figures of cost of administration and staff effort up to 1976 include car tax. Thereafter the figures are for VAT only.past five, 10 and 15 years; and how it compares with the average for European Economic Community countries and the United States of America.

The latest year for which estimates of total expenditure on research and development are available is 1975–76. The information requested for United Kingdom expenditure is as follows:ween the end of February 1974 and 9th November 1978 were as follows:

Japan+ 48
Germany+ 26
France- 1
United States- 14
Canada- 17
United Kingdom- 26
Italy- 35