HC Deb 06 February 1968 vol 758 cc74-5W
74. Mr. Grimond

asked the Chancellor of the Exchequer what contingency plans by Her Majesty's Government were available to be put into effect on devaluation.

Mr. Roy Jenkins

Detailed contingency plans were drawn up for carrying through the devaluation operation itself, for securing international support and for certain measures restraining demand to be announced at once. It was always envisaged in these plans that further measures would be needed, the precise extent of which would be based on the development of the economy after devaluation.

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