HC Deb 18 July 1972 vol 841 cc71-2W
Mr. Cant

asked the Chancellor of the Exchequer whether, in order to reduce the effect of future speculative hot money flows and the hedging operations of of treasures of multinational corporations on the foreign exchange value of the £ sterling, he will now introduce a two-tier foreign exchange system on the French model.

Mr. Nott

I have noted the hon. Member's suggestion, but such a system involves many difficulties.