HC Deb 24 April 1968 vol 763 c50W
57. Mr. Shinwell

asked the President of the Board of Trade what has been the effect of devaluation on exports and percentage increase in the cost of imports.

Mr. Crosland

Devaluation has not yet had a major effect on export volume, though it has been the main factor in the rise in export prices, in terms of sterling, of 4½ per cent. between October and February. Import prices over the same period, largely due to devaluation, have risen 9½ per cent.