Mersey Docks and Harbour Board

Part of the debate – in the House of Commons at 12:00 am on 18 December 1970.

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Photo of Mr Dick Taverne Mr Dick Taverne , Lincoln 12:00, 18 December 1970

I had not meant to intervene, but I want to press the Government on the very important issue of public confidence. Already it appears that the question we are debating has had an effect on public confidence. I understand that two recent local authority loans had to be offered at a higher rate of interest than would have been the case but for the history of this matter. Had the Government foreseen this? Had they taken it into account? If not, will they please respond to the very strong pressure, not only from my right hon. Friend the Member for Birkenhead (Mr. Dell) but from hon. Members opposite, and think again?