Temporary Import Charge

Part of the debate – in the House of Commons at 12:00 am on 29th November 1965.

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Photo of Mr Michael Alison Mr Michael Alison , Barkston Ash 12:00 am, 29th November 1965

I think we all welcomed the comment of the hon. Member for Newcastle-upon-Tyne, East (Mr. Rhodes)—it seemed to have a ring of bipartisan truth about it which has not always been evident on both sides of the House—that the crisis in 1964 was not an economic crisis in the sense that the British economy was fundamentally weak, but a crisis of confidence. If that is the case, the logical conclusion one draws is that one of the measures taken by the Government in the light of this crisis of confidence, the import charge, has to be renewed now because confidence is still lacking. The main consideration is not that the economy which they inherited is weak, but that they created the situation in which confidence was destroyed and did nothing to restore it—