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.

Alert me about debates like this

Photo of Mr Michael Alison Mr Michael Alison , Barkston Ash 12:00 am, 17th November 1969

—tends to increase the money supply. In other words, more money is drawn out of the E.E.A. and handed to the people. The hon. Gentleman therefore cannot have it both ways. If he wants to restrict the money supply he must have a deficit on the balance of payments.