Orders of the Day — Customs (Import Deposits) Bill

Part of the debate – in the House of Commons at 12:00 am on 17th November 1969.

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Photo of Mr George Darling Mr George Darling , Sheffield, Hillsborough 12:00 am, 17th November 1969

As my hon. Friend says, it was out of keeping with the hon. Member's usual way of trying to educate —and I mean this quite sincerely—the House in his economic theories.

I was interested to hear the hon. Gentleman say that he had been venturing north of Watford to discover, in the areas where the wealth of the country is produced and not squandered in places like Worthing, what is going on and how far the import deposits scheme has affected the firms there. He said that many of the firms which he went to see, I believe in my part of the country, told him that the scheme had harmed them, that their cash flow has been upset, and so on. He went on to say that many of them were 60 years old. This gives the clue.

I know many small firms in my part of the country. What they are suffering from is not so much this scheme or any other measures introduced by the Government, which the Opposition say have placed unfortunate impositions on them, but managerial inefficiency.