§ Mr. William Hamiltonasked the Minister of Power what modifications he intends to make in the terms of the White Paper on Fuel Policy, following the recently announced policy of devaluation.
§ Mr. MarshThe main effects of de-devaluation will be to reduce oil's competitive advantage over coal in the home market and to make British coal cheaper in export markets.
The precise effect in terms of price changes cannot yet be assessed but is likely to be well within the range of relative price movements which was examined in the fuel policy review in reaching the conclusions in the White Paper about the likely trends of demand for the various fuels, which will not be more than marginally affected.