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Green Pound

Volume 131: debated on Wednesday 13 April 1988

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To ask the Secretary of State for Wales if he has any plans to press for a devaluation of the green pound; and if he will make a statement.

The European Commission proposal not to make any changes in the green pound in the price package for 1988–89 will be subject to discussion at the forthcoming meetings of the Council of Ministers. We strongly support the Commission's aim of removing all MCAs by 1992 and we have already made clear our commitment to press for the immediate abolition of our MCAs in the pigmeat sector. developed by Nirex are options which are under consideration by the MOD but no decisions have yet been taken.The safety and environmental implications of these options will, of course, form part of the Government's deliberations.