Manufacturing Industry Costs

Part of Oral Answers to Questions — Prices and Consumer Protection – in the House of Commons at 12:00 am on 11th October 1976.

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Photo of Mr Robert Maclennan Mr Robert Maclennan Parliamentary Under-Secretary (Department of Prices and Consumer Protection) 12:00 am, 11th October 1976

I have no evidence of the hoarding of commodities to which my hon. Friend refers. Questions about speculation against the value of sterling are more for my right hon. Friend the Chancellor of the Exchequer, but my hon. Friend will have noted the words of the German Chancellor that the £ sterling is seriously undervalued.