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Volume 204: debated on Tuesday 25 February 1992

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To ask the Prime Minister, further to his letter dated 13 February to the hon. Member for Great Grimsby, what criteria he uses in judging whether United Kingdom manufactures are fully competitive at home and overseas.

A number of indicators of competitiveness are readily available in, for example, the "Monthly Review of External Trade Statistics". But the underlying competitiveness of United Kingdom manufacturers is best demonstrated by the United Kingdom's rising share of world trade over the last three years, as shown by the chart on page 62 of the Autumn Statement.