HC Deb 29 November 1968 vol 774 c200W
Sir C. Osborne

asked the Chancellor of the Exchequer if he is aware that the dollar premium has risen from 17 per cent. to which it fell from 55 per cent immediately after the last devaluation to the present rate of 48 per cent.; and what steps he is taking to reduce it to its normal level.

Mr. Harold Lever

I have no measures to propose on this front. The level of premium has fluctuated between 55 per cent. and 37 per cent. (not 17 per cent.) since it touched the highest level this summer.