Orders of the Day — Budget Proposals and Economic Situation

Part of the debate – in the House of Commons at 12:00 am on 18 April 1956.

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Photo of Mr Peter Thorneycroft Mr Peter Thorneycroft , Monmouth 12:00, 18 April 1956

I wish to devote a few moments to the economic situation as we see it and the effect of the measures to be taken under this Budget. The first thing that may be said about our economic situation is that it remains one of almost unexampled prosperity. If for a moment we forget the statistics about which I have been talking—I shall return to them in a moment—and the indices of our overseas account, and judge the situation by the prosperity we see about us in almost every quarter, I do not think that there would be much lack of general satisfaction. Employment is booming. There is a job, indeed rather more than a job for everyone. Wages are up—