HC Deb 24 May 1976 vol 912 c88W
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.