Orders of the Day — Clause 15. — (Continuation of Powers Under S. 9 of Finance Act 1961.)

Part of the debate – in the House of Commons at 12:00 am on 16th June 1966.

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Photo of Mr Robert Cant Mr Robert Cant , Stoke-on-Trent Central 12:00 am, 16th June 1966

The impression which I got was that there was a fear about it. I would have thought that our experience indicated that fiscal policy must bear basically upon consumption. We have had evidence that this is likely to be the most difficult aspect of the problem. What the Chancellor should do is not leave the Regulator on one side and not bring it into operation unless to do so is absolutely necessary, but think much more in terms of the regulator in terms of fiscal flexibility.