§ Mr. Hefferasked 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 SheldonThe 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.