Orders of the Day — Finance Bill

Part of the debate – in the House of Commons at 12:00 am on 11th July 1973.

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Photo of Mr Jock Bruce-Gardyne Mr Jock Bruce-Gardyne , South Angus 12:00 am, 11th July 1973

I take entirely the arguments of my hon. Friend, and I share his dubiety. Would not he agree that at present, certainly, the way in which the pound is floating freely down, while not causing inflation, contributes to inflationary expectations and that, therefore, the anxiety of Sir William Armstrong and people like him to take action is justified?