Part of the debate – in the House of Commons at 12:00 am on 17th December 1962.

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Photo of Mr Reginald Maudling Mr Reginald Maudling , Barnet 12:00 am, 17th December 1962

We should get this clear. I said, and I think experience shows, that unless we have more elbow room it is difficult to halve the present rate of unemployment without running once again into inflationary dangers. This, I think, is perfectly true.