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598073
unstar this property registered interest false more like this
star this property date less than 2016-10-10more like thismore than 2016-10-10
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
unstar this property hansard heading Exchange Rates more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty’s Government what assessment they have made of whether the drop in the value of sterling in recent months reflects the markets' view of the likely future health of the UK economy. more like this
star this property tabling member printed
Lord Birt more like this
star this property uin HL2102 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2016-10-18more like thismore than 2016-10-18
star this property answer text <p>The UK has an inflation target, not an exchange rate target, and Her Majesty’s Government does not express a view on the level of exchange rates. Instead, the exchange rate is allowed to adjust flexibly in response to economic conditions and movements in sterling are determined by market forces.</p><p> </p><p>This framework means we do not need to introduce exchange rate controls.</p> more like this
star this property answering member printed Lord Young of Cookham remove filter
star this property grouped question UIN HL2120 more like this
star this property question first answered
remove filter
star this property answering member
57
star this property label Biography information for Lord Young of Cookham more like this
unstar this property tabling member
2533
unstar this property label Biography information for Lord Birt more like this