§ Mr. Arthur Lewisasked the Secretary of State for Trade and Industry whether he is aware that in the first week of the floating of the £ sterling its value fell by 6.3 per cent.; and to what extent this depreciation of the purchasing value of the £ sterling will increase the costs of imports in general.
§ Mr. NobleI am aware of the relative depreciation of the £ sterling which has occurred since the exchange rate was allowed to float. As for the second part of the Question, I have nothing to add to the reply given to the hon. Member on 4th July by my hon. Friend the Minister of State, Treasury.—[Vol. 840. c.95.]