Budget Proposals and Economic Situation

Part of the debate – in the House of Commons at 12:00 am on 13th April 1959.

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Photo of Mr Jocelyn Simon Mr Jocelyn Simon , Middlesbrough West 12:00 am, 13th April 1959

The hon. Gentleman is always completely fair, and I know that, as he has indicated, he would not want to misrepresent me. I have not in mind precisely what I said in reply to the intervention, but it was to the effect that it is no use expanding production if the concomitants are a balance of payments crisis abroad and very rapidly rising prices at home.