§ 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.71W