International Monetary Fund (Stand-by Credit)

Part of the debate – in the House of Commons at 12:00 am on 14 May 1969.

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Photo of Mr James Dickens Mr James Dickens , Lewisham West 12:00, 14 May 1969

Will my right hon. Friend bear in mind two points during the course of his negotiations: first, that any attempt to impose further restrictions on economic growth in this country will have the most damaging long-term effects for the future of the economy; second, as our total short-term borrowings since October, 1964, almost exactly equal the private outflow of capital, will my right hon. Friend bear in mind the need to restrict the outflow of that capital to advanced industrial countries abroad?