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Part of the debate – in the House of Commons at 12:00 am on 3rd November 1949.

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Photo of Mr Denis Pritt Mr Denis Pritt , Hammersmith North 12:00 am, 3rd November 1949

—that several Cabinet Ministers have stated that but for the loan there would be two million unemployed. One rather foolish non-Cabinet Minister having made that statement, I put down a Question to the Chancellor of the Exchequer in the House, and asked for an estimate. I extracted, after considerable difficulty and shuffling from the Economic Secretary to the Treasury, the assurance that there was no ground for any such statement.