§ Sir C. Osborneasked the Chancellor of the Exchequer what steps he proposes to take to prevent any fall in the internal purchasing power of the £ sterling in 1967.
§ Mr. CallaghanIn present circumstances the most effective means of stabilising the cost of living is through an increase in productivity and an active prices and incomes policy. The Government is following such a policy, and already the success of the standstill in the second half of last year has contributed greatly to the prospects for reasonable stability of prices this year.