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

The right hon. Gentleman the Member for Barnet knows perfectly well that the trouble with him was that he got the date of the election wrong. He gave his tax concessions in 1963 but the election could not be held then for certain reasons, and we had it in 1964. He knows that perfectly well. This was done in 1959 by Lord Amory and 1955 by Lord Butler. They got the same result, a plunge into balance of payments difficulties with a subsequent cynical slamming on of the brakes. I have chosen a different course and I believe that the long-term benefits to the people of this country will be much greater.