Orders of the Day — Economic Situation

Part of the debate – in the House of Commons at 12:00 am on 24 July 1968.

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Photo of Sir Douglas Glover Sir Douglas Glover , Ormskirk 12:00, 24 July 1968

It is not drivel; it is true.

Our visible trade deficit is colossal, and it is reduced, albeit to still terrifying proportions, because of our invisible earnings. Were it not for them, our position today would be even more serious than it is.