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Green Pound

Volume 114: debated on Monday 6 April 1987

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asked the Prime Minister if the remarks of the Parliamentary Under-Secretary of State, the hon. Member for Calder Valley (Mr. Thompson) in Exeter on 12 March, concerning Government moves for a 16 per cent. devaluation in the green pound represent the policy of Her Majesty's Government.

The Government's reaction to the Commission's proposal for a four percentage point devaluation of the green pound will be decided in the light of developments on the price fixing negotiations as a whole. We shall weigh carefully all the relevant considerations.