Public Expenditure

Part of the debate – in the House of Commons at 12:00 am on 17 March 1977.

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Photo of Sir John Langford-Holt Sir John Langford-Holt , Shrewsbury 12:00, 17 March 1977

Is not the right hon. Gentleman aware that when the pound was handed over to his tender care it stood at $2·30 to the pound, but it is now only $1·71? If the right hon. Gentleman took it down to $1 to the pound, he would probably make it go up.