International Monetary Situation

Part of the debate – in the House of Commons at 12:00 am on 22 February 1973.

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Photo of Mr Peter Shore Mr Peter Shore , Stepney 12:00, 22 February 1973

The House has not been told a great deal about this fund and we do not know its size. Perhaps the Minister can tell us. If the fund had existed a year ago, would it have been of a kind or magnitude—and if it were, would the hon. Gentleman have thought it wise—to have resisted the floating of the pound and the maintenance of the pound as a snake in the tunnel?