asked the Secretary of State for Industry whether he will give an estimate of the effect of a given 10 per cent. depreciation of the £ sterling on the level of all raw material prices, both imported and home produced, as reflected in the input prices index published by his Department.

It is estimated that the price index for matrials and fuel purchased by manufacturing industries would increase by about 6 per cent. as the direct result of a 10 per cent. depreciation in sterling.