§ 1. Sir Knox Cunninghamasked the Chancellor of the Exchequer whether, taking the value of the £ sterling at 20s. on 1st November, 1967, he will state its value today.
§ The Financial Secretary to the Treasury (Mr. Harold Lever)Taking the internal purchasing power of the £ as 20s. in November, 1967, its value in May, 1968, the latest date for which information is available, is estimated at 19s. 3d. This estimate is based on movements in the index of retail prices.
§ Sir Knox CunninghamWill the hon. Gentleman tell his right hon. Friend the 214 Prime Minister, in words of one syllable and four letters, that this is what has happened to the £ in our pockets?
§ Mr. LeverIt is unnecessary to give my right hon. Friend this information in words of any particular number of syllables.