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Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 9th March 1965.

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Photo of Mr James Callaghan Mr James Callaghan The Chancellor of the Exchequer, Member, Labour Party National Executive Committee 12:00 am, 9th March 1965

Of course the nation must live within its means. That is the phrase that I have used on several occasions. But, in our view, the best way of doing that is not to create unemployment at home.