Orders of the Day — Finance Bill

Part of the debate – in the House of Commons at 12:00 am on 7th May 1953.

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Photo of Miss Irene Ward Miss Irene Ward , Tynemouth 12:00 am, 7th May 1953

The hon. Member says "Hear, hear." I am delighted to know that he recognises that it was a deteriorating financial situation when the Socialist Government were in power—and they were in power with a very large majority. It is a fact, and it has been stated without fear of contradiction, that when the Leader of the Opposition decided to ask for a dissolution of Parliament and to go to the country the Socialist Government were faced with the worst balance of payments crisis that this country has ever known.