Orders of the Day — Finance Bill

Part of the debate – in the House of Commons at 12:00 am on 3rd May 1976.

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Photo of Mr Ian Gow Mr Ian Gow , Eastbourne 12:00 am, 3rd May 1976

Is not the true value of the pound that price which people overseas are prepared to pay for it or to accept for it, whether they are buying it or selling it? Is the hon. Gentleman really advocating a return to a fixed parity?