Budget Proposals and Economic Situation

Part of the debate – in the House of Commons at 12:00 am on 28th October 1955.

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Photo of Mr Harold Wilson Mr Harold Wilson , Huyton 12:00 am, 28th October 1955

The hon. Gentleman does not seem to be getting much support for that proposition.

The Tory Press and financial interests are baying for more attacks upon the Welfare State. They are disappointed with his Budget. [Interruption.] Let hon. Members read the "Recorder," the "Daily Telegraph," or "The Times." How much further will the Government go? At any rate, one Election legend has gone—the Tories' pretence that they have accepted the Welfare State and intend to preserve it.

What we have in this Budget, and in the financial and social policies of the Government, is a manifest failure to deal with the economic problem and, in its place, a class policy, a two-nations policy. which will bring immeasurable hardship upon the people who can least defend themselves: which will intensify inflation and, at a time of national crisis, create unrest, disputes and bitterness, and divide the nation. It is upon those grounds that not only the Chancellor but the Government as a whole and, indeed, the whole Tory Party, stand condemned.