United Kingdom Economic Policy

EDM number 486 in 1992-93, proposed by John D Taylor on 13/07/1992.

That this House, concerned at the continuing increase in unemployment the repossesion of homes, the closure of businesses, and the low level of investment by industry, calls upon Her Majesty's Government to recognise the importance of the exchange rate with currencies outside Germany, such as the United States of America; notes that the rapid increase in the exchange rate of the ú sterling with the US$ is now damaging exports to the United States; and requests the Government to reduce interest rates in order to counteract the present pressures against exports and to stimulate investment in the construction and manufacturing industries throughout the United Kingdom.

This motion has been signed by a total of 24 MPs.