When the right hon. Gentleman does meet those bodies, will he explain how he justifies the fact that over and above the 2–3 billion pounds which the Government will now have to borrow to cover next year's deficit they are encouraging the nationalised industries and local authorities to borrow from abroad at a rate of a further 2 billion pounds per year, so that by this time next year we can expect to be in "hock" to the tune of 5–6 billion pounds? Since, in the present world economic situation, one-eighth of our national income is committed to foreign debts, does this not show reckless housekeeping?