Capital Investment in Industry

Part of the debate – in the House of Commons at 12:00 am on 26th April 1960.

Alert me about debates like this

Photo of Mr Roy Jenkins Mr Roy Jenkins , Birmingham Stechford 12:00 am, 26th April 1960

That would probably explain why we got into difficulties such as those we experienced in 1957—that was largely a reserves crisis. It does not appear, however, that what the right hon. Gentleman says would explain why our short spurt last year should have landed us in this balance of payments situation, which has nothing to do with reserves or with the strain on sterling, with the prospect this year of a still worse balance of payments position than last year, although, assuming that stronger rate of growth as compared with last year, the balance of payments position is still extremely strong.