Orders of the Day — Economic Situation

Part of the debate – in the House of Commons at 12:00 am on 19th March 1962.

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Photo of Mr Henry Clark Mr Henry Clark , North Antrim 12:00 am, 19th March 1962

The hon. Gentleman's argument would have been valid if the restrictions would have avoided the necessity of the pay pause or the balance of payments crisis. I am not sure that they would.

I think that the accusations made by hon. Members opposite about our failure to increase the standard of living in this country are based on figures, and the more I have to do with figures the more doubtful I become about them. Anyone who was in this country in 1950, who had gone away and who came back again in the present year would tell us that the index of improvements in the standard of living in this country is complete nonsense. The increase in choice which the consumer has got and the improvements in particular products are so great that the standard has risen very considerably indeed—probably twice what the index shows.