Budget Resolutions and Economic Situation

Part of Orders of the Day — Ways and Means – in the House of Commons at 12:00 am on 20th April 1964.

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Photo of Mr William Clark Mr William Clark , Nottingham South 12:00 am, 20th April 1964

I accept that, but it still does not alter the fact that when the Labour Government were in power they had a wonderful opportunity to do what I have suggested. I cannot see that what the Tories were doing here and in the country should have had any effect on their policy.

I welcome the Budget in the sense that last year my right hon. Friend introduced a Budget the theme of which was expansion without inflation, and I should have thought that the present one was one of consolidation. The economy is going well. What we have to do—I cannot emphasise this too much—is not to talk as if we were in a financial crisis. Many prognostications have been made about the result of the General Election. All I can say is that I hope, and fancy, that my right hon. Friend the Chancellor of the Exchequer will be introducing another Budget next year.