HC Deb 12 July 1972 vol 840 c387W
Mr. William Hamilton

asked the Chancellor of the Exchequer what indications he now has of the effects on the Scottish economy of the floating of the £ sterling.

Mr. Nott

Scotland, like the rest of the United Kingdom, should experience rapid economic growth as a result of the Government's reflationary measures. I see no reason for the floating of the £ sterling to affect this expansion to any significant degree.