Inflation.

Oral Answers to Questions — National Finance. – in the House of Commons on 17th February 1942.

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Colonel Arthur Evans:

asked the Chancellor of the Exchequer whether, in view of the warnings of the dangers of inflation which have been given by chairmen of the British banks, he will consider publishing a memorandum, in the form of a White Paper, setting out the further views of the Treasury on the danger of inflation and the best method of avoiding it?

Photo of Sir Kingsley Wood Sir Kingsley Wood , Woolwich West

The addresses by the chairmen of the principal banks stress the success which has been achieved in keeping the danger of inflation in check and the need for all citizens to co-operate in increasing degree to this end by refraining from unnecessary expenditure and by saving everything that it is in their power to save. I need add nothing to this and to the similar statements which I have made from time to time.