Sterling (Purchasing Power)

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 28 October 1947.

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Photo of Sir Waldron Smithers Sir Waldron Smithers , Orpington 12:00, 28 October 1947

If the Chancellor of the Exchequer thinks I am painting the picture too black, at any rate that is what we are rapidly approaching.