§ Lord James Douglas-Hamilton
asked the Minister of Agriculture, Fisheries and Food if he will agree to the 4 per cent. revaluation of the green pound proposed by the Commission.
§ Mr. Peter Walker
As I told the House on 18 February, I have rejected the Commission's present proposal for a revaluation of the green pound that would, taken together with its other proposals, result in British farmers obtaining price increases of less than 4 per cent. on average, with severe consequences for their income levels.