HC Deb 12 November 1968 vol 773 cc70-1W
Sir C. Osborne

asked the Chancellor of the Exchequer what new steps he proposes to take to prevent a further rise in the cost of living resulting from the increase in imports which for the first nine months of 1968 amounted to £5,876 million, as compared with £4,753 million for the same period in 1967, and the 13 per cent. increase in the average price since devaluation.

Mr. Harold Lever

The rise in import prices induced by devaluation has levelled off, and the effect on retail prices is probably now largely complete.