HC Deb 15 July 1974 vol 877 c18W
57. Mr. Biffen

asked the Chancellor of the Exchequer what representations he has received for the resumption of a fixed parity in the light of the trend in British exports since the adoption of a floating sterling exchange rate; and if he will make a statement.

Mr. Dell

It is widely agreed that, at this time and with most of the major currencies floating, the United Kingdom should not resume the maintenance of margins around parity.