HC Deb 18 October 1966 vol 734 cc20-1W
Mr. Bidwell

asked the Chancellor of tthe Exchequer (1) if he will institute an inquiry to discover who was responsible for the July run on sterling: and if he will make a statement;

(2) if he will issue instructions to the Bank of England to prevent a further run on sterling.

Mr. Callaghan

The causes of pressure are pretty well known. Withdrawals of funds cannot always be prevented, but their effect can be offset, and international arrangements have been helpful in doing this.