HC Deb 19 March 1981 vol 1 c190W
Mr. Marlow

asked the Minister of Agriculture, Fisheries and Food what are the benefits to the consumer of a revaluation of the green pound.

Mr. Peter Walker

Consumers would benefit to the extent that the resulting reductions in agricultural support prices in the United Kingdom and in monetary compensatory amounts on imports were reflected in changes in food prices at the retail level. The extent to which this would happen would depend on the market situation and on decisions by individual traders.