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Sterling (Value)

Volume 464: debated on Tuesday 10 May 1949

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44.

asked the Chancellor of the Exchequer if it is his policy to devalue the £ sterling.

Will the hon. Gentleman ask his right hon. and learned Friend to make up his mind soon whether he intends to devalue in one, two or three months, and so end the uncertainty?

My right hon. and learned Friend has already made up his mind that any such step as this is neither necessary nor desirable.