Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 29 November 1973.
Mr Patrick Jenkin
, Wanstead and Woodford
12:00,
29 November 1973
Nobody is trying to smother anything. What we are doing, and doing successfully, by borrowing on normal commercial terms through the public sector, through the Euro market and other overseas markets, is obtaining enough to finance our deficit. That is a sensible thing to do. In the meantime rights with IMF remain intact and can be drawn upon if occasion arises.