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 Douglas Houghton Mr Douglas Houghton , Sowerby 12:00 am, 20th April 1970

A pre-election Budget is not necessarily one in which one does not put up taxes: it may be a Budget in which one ought to have put them up more. Again, it is all a question of what is the right budgetary judgment at that particular time. If Governments distribute too much in a pre-election Budget, that may be an error, but if they do not take enough in a pre-election Budget that may be an error, too. A Chancellor of the Exchequer can fail in his duty either way, but I submit that my right hon. Friend has not failed in his duty now. There is no political bribery in the Budget.