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118.
Mr. Livsey
To ask the Chancellor of the Exchequer what are the latest trends in imports.
Mr. Norman Lamont
In the three months to January, import volumes (less oil and erratics) were 1 per cent. lower than in the previous three months, and only 2 per cent. higher than in the same period a year earlier. This is clear evidence that imports are responding to the tightening of policy.