Orders of the Day — Budget Resolutions and Economic Situation

Part of the debate – in the House of Commons at 12:00 am on 20th April 1961.

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Photo of Sir Edward Boyle Sir Edward Boyle , Birmingham Handsworth 12:00 am, 20th April 1961

I do not believe that the effect need be as slow as my hon. Friend suggests, although I concede that it is of the essence of these regulators that they should be used early by the Government when it seems that the economy is moving into a period of excess pressure on resources. We have to remember that, as far as the National Insurance scheme is concerned, this surcharge will be paid direct to the Exchequer.