asked the Chancellor of the Exchequer (1) if he will publish in the Official Report a table showing for Italy and the United Kingdom for each year since 1967 and for the latest quarter (a) the rate of exchange against the Italian lira as a percentage of the 1970 rate and the change on the preceding year and (b) weekly earnings and unit labour costs, in manufacturing, as a percentage of their levels in 1970 and the increase on the preceding year;(2) if he will publish in the
Official Report a table showing for France and the United Kingdom for each year since 1967 and for the latest quarter ( a) the rate of exchange against the French franc as a percentage of the 1970 rate and the change on the preceding year and ( b) weekly earnings and unit labour costs, in manufacturing, as a percentage of their levels in 1970 and the increase on the preceding years;
(3) if he will publish in the Official Report a table showing for the United Kingdom and West Germany for each year since 1967 and for the latest quarter ( a) the rate of exchange against the deutschemark as a percentage of the 1970 rate and the change on the preceding year and ( b) weekly earnings and unit labour costs, in manufacturing, as a percentage of their levels in 1970 and the increase on the preceding year;
(4) if he will publish in the Official Report a table showing for the United Kingdom and the United States of America for each year since 1967 and for the latest quarter ( a) the rate of exchange against the dollar as a percentage of the 1970 rate and the change on the preceding year, ( b) weekly earnings in manufacturing as a percentage of its level in 1970 and the increase on the preceding year and ( c) unit labour costs in manufacturing as a percentage of its level in 1970 and the increase on the preceding year;
(5) if he will publish in the Official Report a table showing for Japan and the United Kingdom for each year since 1967 and for the latest three quarters ( a) the rate of exchange against the yen as a percentage of the 1970 rate and the change on the preceding year and ( b)
weekly earnings and unit labour costs, in manufacturing, as a percentage of their levels in 1970 and the increase on the preceding year.
The annual average rate of exchange of the Italian lira, the French
| ANNUAL AVERAGE RATE OF EXCHANGE AGAINST STERLING | ||||||
| (Percentage change on previous year shown in parenthesis) | ||||||
| Italian | French | US | Japanese | |||
| lira | franc | deutschemark | dollar | Yen | ||
| 1967 | … | 114·2 (-1·6) | 102·2 (-1·4) | 125·5 (-1·8) | 114·8 (-1·5) | 101·5 (-13·8) |
| 1968 | … | 99·3 (-13·1) | 89·6 (-1·7) | 109·4 (-12·8) | 99·9 (-12·9) | 99·4 (-2·1) |
| 1969 | … | 99·8 (+0·5) | 93·9 (+4·8) | 107·4 (-1·8) | 99·7 (-0·2) | 100·1 (+0·7) |
| 1970 | … | 100·0 (+0·2) | 100·0 (+6·5) | 100·0 (-6·9) | 100·0(+0·3) | 100·0 (-0·1) |
| 1971 | … | 100·6 (+0·6) | 101·7 (+1·7) | 97·6 (-2·4) | 102·0(+2·0) | 98·5 (-1·5) |
| 1972 | … | 97·2 (-3·4) | 95·3 (-6·2) | 91·3 (-6·5) | 104·4 (+2·4) | 87·7 (-10·9) |
| 1973 | … | 94·9 (-2·3) | 82·3 (-13·6) | 74·9 (-18·0) | 102·4 (-1·9) | 77·5 (-11·7) |
| 1974 | … | 101·3(+6·7) | 85·0 (+3·2) | 69·2 (-7·5) | 97·7 (-4·6) | 79·6(+2·7) |
| 1975 | … | 96·3 (-4·9) | 71·8 (-15·6) | 62·4 (-9·9) | 92·7 (-5·1) | 76·7 (-3·6) |
| 1976 | … | 99·7 (+3·5) | 65·0 (-9·4) | 52·1 (-16·4) | 75·3 (-18·7) | 62·4 (-18·6) |
| 1977 | … | 102·5 (+2·9) | 64·7 (-0·5) | 46·4 (-11·0) | 72·9 (-3·3) | 54·5 (-12·6) |
| 1978 | … | 108·4 (+5·7) | 65·3(+0·9) | 44·1 (-4·9) | 80·1(+9·9) | 46·9 (-13·9) |
| 1979– | ||||||
| First qtr. | — | — | — | — | 47·3 (-11·4) | |
| Second qtr. | — | — | — | — | 52·8(+11·9) | |
| Third qtr. | 121·4 (+12·8) | 71·4 (+11·7) | 46·4 (+4·7) | 93·2(+15·6) | 57·1 (+31·7) | |
| Average Weekly Earnings in Manufacturing in Great Britain—all employees—seasonally adjusted (a) | Unit Labour Costs in Manufacturing in the United Kingdom(b) | |||||||
| Percentage of 1970 level | Percentage increase on preceding year | Percentage of 1970 level | Percentage of increase on preceding year | |||||
| 1967 | … | … | … | … | 75·8 | +3·6 | 83·0 | -1·5 |
| 1968 | … | … | … | … | 82·0 | +8·2 | 83·0 | 0 |
| 1969 | … | … | … | … | 88·7 | +8·1 | 88·6 | +6·7 |
| 1970 | … | … | … | … | 100·0 | +12·7 | 100·0 | +12·9 |
| 1971 | … | … | … | … | 111·2 | +11·2 | 109·9 | +9·9 |
| 1972 | … | … | … | … | 125·5 | +12·8 | 115·0 | +4·6 |
| 1973 | … | … | … | … | 141·6 | +12·9 | 121·6 | +5·7 |
| 1974 | … | … | … | … | 165·9 | +17·2 | 151·1 | +24·3 |
| 1975 | … | … | … | … | 209·2 | +26·1 | 197·8 | +30·9 |
| 1976 | … | … | … | … | 243·7 | +16·5 | 226·3 | +14·4 |
| 1977 | … | … | … | … | 268·8 | +10·3 | 253·8 | +12·2 |
| 1978 | … | … | … | … | 308·1 | +14·6 | 288·0 | +13·4 |
| 1979 third quarter | … | … | 356·1 | +13·9 | N.A. | N.A. | ||
| Sources: | ||||||||
| (a) Department of Employment. | ||||||||
| (b) Central Statistical Office (estimates based on census of production). | ||||||||
Economic Trends. Some data on earnings in manufacturing, but not necessarily on a consistent basis, appear in the Inter
franc, the deutschemark, the United States dollar and the Japanese yen as a percentage of the 1970 rate are shown in the table below. The corresponding percentage changes on the preceding year are shown in brackets.
national Labour Office yearbook of labour statistics.