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

The Government have no such intention. While it is true that my right hon. Friend the President of the Board of Trade said that the regulator would have some effect on the labour-intensive industries, the prime object of the regulator is economic. I can assure the Committee that the regulator's prime object is that it should be an economic measure to prevent excess demand on the economy, and it is not intended as a tax on employment.