Economic Affairs

Part of the debate – in the House of Commons at 12:00 am on 17th November 1965.

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Photo of Mr Patrick Duffy Mr Patrick Duffy , Colne Valley 12:00 am, 17th November 1965

I have been in the House long enough to know that the hon. Member for Ormskirk (Sir D. Glover) likes nothing better than a bout of in-fighting in the Chamber. But he has a very generous side to his nature. Therefore, I thought that his description of the speech of my right hon. Friend the First Secretary of State as a poor one was entirely out of character.

I enjoyed listening to the speech of the right hon. Member for Enfield, West (Mr. Iain Macleod). It was a good speech, and certainly a distinct improvement on the speech which he made a fortnight ago in the debate on the National Plan. The right hon. Gentleman was perfectly right to dwell on what I regard as the weaker, more disturbing aspects of the present behaviour of our economy, the changing character of our terms of trade and the widening gap between earnings and productivity. Although he may not have satisfied the hon. Member for Ormskirk, my right hon. Friend the First Secretary of State replied at length. His was altogether a much more substantial speech, and I am taking nothing away from the speech of the right hon. Member for Enfield, West. My right hon. Friend made a very well-structured speech and I am sorry that the hon. Gentleman, although he did not pay tribute to it— we can hardly expect that from him—did not at least do a little more justice to it. I thought that the hon. Gentleman, like the right hon. Member for Enfield, West, was concerned, perhaps more than anything else, to acquit his party of responsibility for the crisis of confidence a year ago.