§ 37. Mr. Alison
asked the Chancellor of the Exchequer if he will bring up to date, and publish, the estimate given by the Financial Secretary to the Treasury on 26th March, 1968, of the effect on retail prices during 1969 of devaluation and tax changes.
§ Mr. Taverne
I estimate that the effect of devaluation has already fully worked through and that the tax increases last March and November will add about three-quarters of one per cent. to the retail prices index between December, 1968, and December, 1969.