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Green Pound

Volume 21: debated on Monday 29 March 1982

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asked the Minister of Agriculture, Fisheries and Food if he will agree to the 4 per cent. revaluation of the green pound proposed by the Commission.

As I told the House on 18 February, I have rejected the Commission's present proposal for a revaluation of the green pound that would, taken together with its other proposals, result in British farmers obtaining price increases of less than 4 per cent. on average, with severe consequences for their income levels.