§ Mrs. Renée Shortasked the Minister of Agriculture, Fisheries and Food what is his estimate of the rate of inflation that will occur when the effects of the proposed 5 per cent. devaluation of the green pound will be added to the 17.5 per cent. inflation rate by November as previously forecast by the Government.
§ Mr. Peter WalkerThe forecast of an increase in the retail price index of 17½ per cent. in the late autumn has already taken into account the devaluation of the green pound agreed last week. The doubled butter subsidy obtained in our negotiations will reduce the retail price index.