§ Mr. Marten
asked the Chancellor of the Exchequer by what percentage the £ sterling has fallen since January 1973.
§ Mr. Robert Sheldon
I assume the hon. Member is interested in the external value of sterling. Between January 1973 and April 1976 the overall effective level of sterling in terms of a basket of the currencies of our major trading partners fell by some 29.7 per cent.