HC Deb 05 December 1977 vol 940 c586W
Mr. Sillars

asked the Minister of Agriculture, Fisheries and Food what would be the effect on the cost of living of a 1 per cent., 3 per cent., 5 per cent., 7 per cent. and 10 per cent. devaluation of the green pound.

Mr. Bishop

Average retail prices of all items would probably rise by one-quarter of 1 per cent. or less as a result of a devaluation of the green pound by up to 5 per cent. and by about one-third and one-half of 1 per cent. respectively as a result of devaluations of 7 per gent. and 10 per cent.

Forward to