HC Deb 17 November 1972 vol 846 c245W
Mr. Body

asked the Chancellor of the Exchequer what percentage increase in the cost of living index would be caused on the basis of fixing the parity of the £ at $2.40, $2.30 and $2.20, respectively, compared with the previous fixed rate.

Mr. Nott

The effect on the cost of living of changes in the exchange rate depends on a number of factors and cannot be estimated precisely.

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