World Trade

Mr. Austin Mitchell
asked the Chancellor of the Exchequer whether he will circulate in the Official Report a table showing for the period since 1963 the statistical correlation between, respectively, the United Kingdom share of world trade in manufactures and the relative volume of exports and imports of manufactures, and each of the following indices: relative export prices for manufactures, the terms of trade for manufactures, the index of relative normal unit labour costs, relative wholesale prices, export profitability and import price competitiveness.

Mr. Lawson
No. The number of possible correlations, allowing for time--------
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|1971|…|…|
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|1972|…|…|
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|1973|…|…|
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|1974|…|…|
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|1975|…|…|
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|1976|…|…|
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|1977|…|…|
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|1978|…|…|
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