HC Deb 21 July 1978 vol 954 cc419-20W
Mr. Cant

asked the Chancellor of the Exchequer if he will make a statement about the outcome of the Budget Council in Brussels on Tuesday 18th July.

Mr. Joel Barnett

The Budget Council which I attended on 18th July established will list in the Official Report, with dates, all devaluations of the green pound since the signing of the Treaty of Accession.

Mr. John Silkin

The dates on which the United Kingdom green pound has been devalued, and the extent of these devaluations, are shown below:

per cent.
7th October 1974 7.35
3rd March 1975 2.17
4th August 1975 5.00
27th October 1975 5.80
1st May 1977 2.90
17th May 1978 7.50


(1) The dates given are ones on which the devaluations shown were first applied in full in any sector.

(2) The first United Kingdom green rate applied with effect from 1st February 1973 when the CAP was first applied in the United Kingdom.