HC Deb 17 May 1976 vol 911 c338W
Mr. Heffer

asked the Chancellor of the Exchequer what further measures Her Majesty's Government have taken to strengthen the £ sterling; if he is satisfied with the present measures to control the outflow of capital from Great Britain; and, if not, what action he is prepared to take.

Mr. Robert Sheldon

The agreement reached with the TUC on 5th May has been welcomed abroad and has already strengthened confidence in the pound. I consider that existing exchange controls over capital movements from the United Kingdom are generally satisfactory for our present policy objectives, although some aspects are under review.