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

If the hon. Gentleman thinks that we are in danger of inflation, the one thing he should not advocate is a cutback in imports. If imports are cut back and the money supply is allowed to go on increasing at the same time, there will certainly be far greater pressure on home resources and a greater tendency for prices to rise.