Nationalised Industries (Advances)

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 26 April 1960.

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Mr. H. Wilson:

Is it not a fact that this question was exhaustively inquired into by the Radcliffe Committee, which said that this was the right way of financing the nationalised industries? Is the Chancellor aware that, right from the time when the Prime Minister himself in 1956 started this system, then on a two years basis, we have ourselves supported the line taken by the Government?