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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 Jack Diamond Mr Jack Diamond , Gloucester 12:00 am, 20th April 1970

That is what I gathered the right hon. Gentleman was suggesting. I had no such intention.

I think it right that people should, as they would want to do, have the opportunity of comparing the taxes and the expenses and comparing the Budget with the estimates. Those interested in the detail of it will see that within the estimates there is a table relating that part of the estimates which is public expenditure, and which is only approximately two-thirds of the whole, with the recently published White Paper on Public Expenditure, Cmnd. 4234.

All that I need do is confirm that it is in line with that White Paper and that the increase, when reduced to constant prices, is 1 per cent. and is within the target laid down in the previous White Paper.