Skip to main content

Green Pound

Volume 116: debated on Wednesday 13 May 1987

The text on this page has been created from Hansard archive content, it may contain typographical errors.


asked the Secretary of State for Scotland if he will make a statement on the implications for agriculture in Scotland of the current progress of discussions on a devaluation of the green pound.

The current level of green pound places Scottish producers at a disadvantage relative to those in some other member states. My right hon. and learned Friend and I are well aware, from our frequent discussions with farmers and their leaders, that this is a major area of concern, particularly for the beef sector.Accordingly the Government are of the view that the 4 per cent. devaluation proposed by the European Commission as part of this year's CAP price-fixing proposals is not enough and we shall in the negotiations be aiming to improve on this figure. Our objective will be to secure a higher devaluation than, for example, France and Ireland whose monetary compensation amounts are already less than those for the United Kingdom.