Orders of the Day — Economic Affairs

Part of the debate – in the House of Commons at 12:00 am on 7th July 1970.

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Photo of Mr Iain Macleod Mr Iain Macleod , Enfield West 12:00 am, 7th July 1970

I am well aware of the anxiety in that regard, which is why I phrased my remarks in the way that I did. I said earlier that demand management, which includes the management of monetary policy, is not a matter for one day in a year but for continuous operation.

The House will want to know the present prospects for public expenditure and my broad strategy for managing that expenditure.