£ Sterling

44.

Mr. Body
asked the Chancellor of. the Exchequer if he will now take steps designed to prevent the further devaluation of the £ sterling.

Mr. Dell
I have nothing to add to the answer my right hon. Friend gave on 1st May to a supplementary question by the hon. Member for Oswestry (Mr. Biffen)—[Vol. 891, c. 715.]

Mr. Woof
asked the Chancellor of the Exchequer what, on the basis of the General Index of Retail Prices, is the purchasing power of the £ sterling now, taking it as 100p on 1st April 1974.

Mr. Robert Sheldon
85½p. This estimate is based on the change in the General Index of Retail Prices between April 1974 and March 1975, the latest date available.