Budget Resolutions and Economic Situation

Part of the debate – in the House of Commons at 12:00 am on 20th April 1970.

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Photo of Mr Roy Jenkins Mr Roy Jenkins , Birmingham Stechford 12:00 am, 20th April 1970

It will be very boring if I have to quote the whole time. The right hon. Gentleman did not let me get to the end of my sentence. He did not believe that it would ever be restored while the Prime Minister was in power. That is exactly what he said. Does the right hon. Gentleman want the actual words quoted? There is no doubt that the Prime Minister is in power, and there is no doubt either that confidence, measured by the state of sterling, which is exactly what the right hon. Gentleman meant last year, is, according to yesterday'sSunday Times: Looking more healthy than it has done for almost 20 years. The right hon. Gentleman's prayers have been answered, and he should be looking a bit more cheerful as a result.

Yet on this balance of payments subject, which was so much the centrepiece of last year's debate, we heard very little. There were a few exceptions, such as the hon. Member for Farnham (Mr. Maurice Macmillan), whom I do not see here tonight.