§ Mr. Austin Mitchell
To ask the Chancellor of the Exchequer what has been the effect of monetary policy(a) in the last two years and (b) since the summer of 1994 on the visible trade balance. 1246W
§ Mrs. Angela Knight
It is not possible to isolate with any confidence the effects on the visible trade balance stemming from monetary policy. However, the Government's commitment to deliver permanently low inflation will provide a stable climate within which British industry can compete successfully, in both world and domestic markets.