Budget Resolutions and Economic Situation
Mr Reginald Maudling (Barnet)
I shall look forward with great pleasure to dealing with this at some length this evening, if I have the chance to catch your eye, Mr. Speaker, but when the right hon. Gentleman says that he cannot think of any circumstances which might have led to a change in the balance of payments in 1964, would he not recall that in the 1963 Budget speech I predicted precisely that? In 1963, I said that there would be a deficit both on current and capital account in 1964 and it was welcomed from the other side of the House.