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Green Pound

Volume 976: debated on Thursday 17 January 1980

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21.

asked the Minister of Agriculture, Fisheries and Food if he will make a statement on the long-term future of the green pound.

The common agricultural policy will need to continue to employ green rates for the forseeable future, to deal with currency fluctuations. The Government's policy is to devalue the green pound within the normal lifetime of Parliament to a point which will enable United Kingdom producers to compete on equal terms with those in the rest of the Community.

24.

asked the Minister of Agriculture, Fisheries and Food what recent representations he has received from the Food Manufacturers Federation about the green pound.

The president of the Food Manufacturers' Federation sent my right hon. Friend a copy of his representations to the Prime Minister on 5 December about the effects of a green pound devaluation on the food industry.