Skip to main content

Sterling Valuation

Volume 450: debated on Monday 16 October 2006

To ask the Chancellor of the Exchequer what assessment he has made of the effect of the value of sterling on the UK manufacturing sector and manufacturing jobs. (93823)

Manufacturing output and employment is influenced by many factors. As a result, the impact of the current level of the sterling exchange rate on manufacturing output and employment is difficult to isolate with precision.

Manufacturing output has risen for four consecutive months and has grown over 1¾ per cent. in 2006 to date.