HC Deb 01 April 1969 vol 781 c67W
Mr. Arthur Lewis

asked the Chancellor of the Exchequer what has been the effect of devaluation; and on what basis he reaches this conclusion.

Mr. Harold Lever

The consequences of devaluation are complex. One effect has been to provide a strong stimulus to our exports. I base this conclusion on analysis of the figures of both United Kingdom and world trade over the past year in relation to previous trends.