HC Deb 13 May 1976 vol 911 cc217-8W
23. Mr. Gow

asked the Chancellor of the Exchequer what measures he is proposing to take in order to restore confidence in the external value of the currency.

Mr. Healey

The agreement reached with the TUC on 5th May has been welcomed abroad and has already strengthened confidence in the pound.

30. Mr. Atkinson

asked the Chancellor of the Exchequer whether he will restore the £ sterling to a fixed parity.

Mr. Healey

No. A fixed parity would have done nothing to diminish the underlying factors which have been mainly responsible for recent depreciation of sterling, and could have made matters worse.