Orders of the Day — Economic Situation

Part of the debate – in the House of Commons at 12:00 am on 22nd November 1967.

Alert me about debates like this

Photo of Mr Harold Wilson Mr Harold Wilson , Huyton 12:00 am, 22nd November 1967

The noble Lord is wasting the time of the House for I was coming exactly to that point when he interrupted. He has correctly described the people who will suffer from any economic crisis. They are precisely the people on whom right hon. Gentlemen opposite always put all the burdens. I will answer his question. We have said: Because some rise in prices is inevitable, the Government will take, at the right time, the steps that may be necessary to protect he most vulnerable sections of the community from hardship. This will not be done by increasing overall demand, but by bringing about, in a non-inflationary manner, the required redistribution of purchasing power for the benefit of those who are worse off and who would otherwise suffer."—[OFFICIAL REPORT, 20th November, 1967; Vol. 754, c. 935.] The House will be asked later to approve the provision we are making. I hope that we shall have the support of the hon. Member for Hertford (Lord Balniel).

From 9.30 last Saturday night we have made clear—