§ Mr. Leadbitter
asked the Chancellor of the Exchequer what steps he proposes to take to stop the fall in the purchasing power of the £ sterling.
§ Mr. Higgins
The indications are that the measures already taken by my right hon. Friend, the C.B.I. initiative, and the response of the nationalised industries, are succeeding in moderating the rise in prices. It remains essential, however, to secure a further reduction in the level of wage settlements.