§ 2. Mr. du Cannasked the Chancellor of the Exchequer by how much he estimates that the domestic purchasing power of the £ sterling will fall this year. and in each of the next five years.
§ Mr. BirchMy right hon. Friend is not prepared to make forecasts of this kind whether of rises or falls.
§ 16. Dr. Broughtonasked the Chancellor of the Exchequer what steps he proposes to take to stop a further fall in the value of the £ sterling.
§ Mr. BirchMy right hon. Friend dealt fully with the question of costs and prices in his Budget speech on 9th April, and he has nothing to add at present.
§ Dr. BroughtonAs the Government's policy, like the right hon. Gentleman's answer, has proved so unsatisfactory, can the right hon. Gentleman say when the Government intend to implement the promises made by the Conservative Party at the last General Election to improve the value of the £ abroad and to increase its purchasing power at home?
§ Mr. BirchI think that the hon. Gentleman would do very well to study the White Paper on the Economic Implications of Full Employment.
§ Mr. Roy JenkinsCan the right hon. Gentleman tell us what the Government now consider to be the reasonable increase in the cost of living per year?
§ Mr. NabarroReasonable?