Valuation Of Sterling

EDM number 276 in 2014-15, proposed by Austin Mitchell on 21/07/2014.
Categorised under the topics of Financial services, International trade, Manufacturing industries and Economic policy.

That this House, noting the launch of the Pound Campaign, a non-partisan group to initiate debate on the effects of the UK exchange rate on British manufacturers and exporters, recognises that exporting is vital for Britain and fundamental to generating sustainable UK economic growth; further recognises the need to boost and strengthen manufacturing to rebuild a healthy broad-based economy; notes the persistence and scale of the UK trade deficit on goods and that Britain has not had an overall trade surplus since 1983 as a result; further notes the link between the level of UK exchange rate and the profitability of manufacturing and exporting for UK-based companies; and therefore calls on the Government to investigate the impact of the current rise in the exchange rate of the pound on the sustainability and profitability of UK-based manufacturers and exporters.

This motion has been signed by a total of 10 MPs.