§ 22. Mr. Bruce-Gardyne
asked the Chancellor of the Exchequer if he will initiate discussions with the International Monetary Fund regarding the desirability of suspending the upper limit to the parity of the £ sterling.
§ 30. Mr. Deakins
asked the Chancellor of the Exchequer if he will be prepared to devalue the £ sterling in order to enable the United Kingdom to meet the heavy balance of payments burden in the event of United Kingdom entry into the European Economic Community.
§ Mr. Barber
No. The point does not arise because we shall maintain a balance of payments surplus sufficient to enable us, among other requirements, to meet the initial costs of membership of E.E.C.