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Green Pound

Volume 950: debated on Thursday 18 May 1978

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13.

asked the Minister of Agriculture, Fisheries and Food what is the present disparity between the green pound and the market rate of the £ sterling.

The current difference between the new rate for the green pound and the market rate used for MCA purposes is 30·8 per cent. This already applies to pigmeat when it gives an applied MCA percentage of 29·3. The new rate will be applied for the beef and milk sectors from 22nd May and for the other sectors from the start of the relevant marketing year.

25.

asked the Minister of Agriculture, Fisheries and Food what is the current difference between the green pound and the £ sterling.

I would refer the hon. Member to the reply given earlier today to the hon. Member for Bromsgrove and Redditch (Mr. Miller).