§ 20. Mr. Torney
asked the Minister of Agriculture, Fisheries and Food what difference a 5 per cent. devaluation in the green pound will make to the retail price of butter, cheese and sugar.
§ Mr. Buchanan-Smith
A 5 per cent. devaluation of the green pound might 275W eventually raise the retail price of butter by some 3.p per lb; of cheese by about 3p per lb; and of sugar by about 1.p per kg. The overall effect of a 5 per cent. devaluation of the green pound would be to raise the retail price index by about ¼ per cent.