HC Deb 29 June 1967 vol 749 cc123-4W
53. Sir G. Nabarro

asked the Chancellor of the Exchequer whether he will now make a statement concerning revisions of the foreign travel allowance outside the sterling area for British nationals; and of the allowance for British businessmen conducting essential export business, both to take effect from 1st November, 1967, or earlier.

Mr. Callaghan

Travel agents and others should plan on the assumption that the basic allowance of foreign currency for holiday travel in the year November, 1967, to October, 1968, will again be £50. I shall naturally keep the possibility of relaxation under review, but this will depend on the development of the balance of payments situation. Banks already have authority to allow travellers on export business up to £20 a day and more can be obtained if it is shown to be necessary.

Mr. Crosland

I told the authority on 26th January that I could not accept the plan which they submitted to me last October. I understand that, following discussions with my Department, the authority are now considering new proposals.