§ 66. Mr. William Shepherdasked the Chancellor of the Exchequer what steps the Government intend to take to deal with the present inflationary tendencies.
§ The Financial Secretary to the Treasury (Mr. Glenvil Hall)I have been asked to reply. I would refer the hon. Member to my right hon. Friend's replies to the hon. Members for Orpington (Sir W. Smithers) and Knutsford (Lieut.-Colonel Bromley-Davenport) on 7th and 21st May, respectively.
§ Mr. ShepherdCan the Financial Secretary tell the House why the pound continues to purchase less and less each day?
§ Mr. Glenvil HallPeople would say that that was not correct and in any case it is not the question on the Order Paper. If the hon. Gentleman likes to put it down it will be answered, and answered adequately.