§ 14. Mr. Awdryasked the Secretary of State for Prices and Consumer protection what is his estimate that the fall in the external value of the £ sterling since 1976 will have on weekly family expenditure.
§ Mr. MaclennanThe effect of sterling depreciation on family expenditure cannot be precisely calculated. It is estimated that a 4 per cent. decrease in the value of sterling will add about 1 per cent. to prices within 12 months.