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 Roy Hattersley Mr Roy Hattersley , Birmingham Sparkbrook 12:00 am, 11th October 1976

I shall not hypothesise about a proposition as wildly improbable as that, but I am prepared to agree with the hon. Gentleman on the obvious point he has made already. The depreciation of sterling clearly affects the prices of imported raw materials and, therefore, has an adverse effect on the cost of living index. It is one of the reasons why we are doing all we can to stabilise it.