§ 86. Mr. Hector Hughesasked the Chancellor of the Exchequer if he will state the effect which he estimates devaluation will have on the industries, trade and employment of Scotland.
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§ Mr. Harold LeverDevaluation is expected to benefit, through increased exports and profits, the industry and trade of the country as a whole; unemployment, after a possible initial small rise during the adjustment period, is expected to fall in the course of 1968. There is every reason to believe that Scotland will share fully in these benefits.