Trustee Securities (Value)

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 23rd June 1960.

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Photo of Mr Douglas Jay Mr Douglas Jay , Battersea North 12:00 am, 23rd June 1960

But is not the whole trouble due to the fact that the Government have left themselves practically no weapon of control except a higher interest rate and, therefore, that whenever we have a balance of payments crisis the Government's only remedy is to slow down investment, both public and private?