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£ Sterling (Value)

Volume 897: debated on Monday 4 August 1975

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asked the Minister of Overseas Development what adjustments have been made in the aid programme to take account of the decline in the value of the £ sterling since the beginning of 1975.

None. The level of the aid programme for any year, as expressed in real terms in the annual Public Expenditure White Paper, is adjusted, when the Supply Estimate is prepared, to take account of estimated price movements.