Agriculture (Price Review)

Part of the debate – in the House of Commons at 12:00 am on 20th March 1958.

Alert me about debates like this

Photo of Mr John Hare Mr John Hare , Sudbury and Woodbridge 12:00 am, 20th March 1958

The under-recoupment this year, taking into account the extra costs and the £19 million cuts in guarantees, amounts to £29·9 million. It is interesting to note that in 1951, the last year when the party of the right hon. Member for Don Valley (Mr. T. Williams) was in power, costs rose by £75 million, the award was £43 million and the under-recoupment was £32 million. That is interesting in view of the fact that at that time we were in a financial crisis and the right hon. Gentleman and his hon. Friends ran away from it. Here we are under-recouping rather less and sticking to our guns and beating inflation.