Economic Situation

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 17th January 1974.

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Photo of Mr Eric Deakins Mr Eric Deakins , Walthamstow West 12:00 am, 17th January 1974

Since we now face the worst balance of payments crisis in the history of any country, surely the time has come to tell the Common Market that we can no longer bear the burden of the taxes on imported food, the net cost of our payments to the Community budget and the intolerable burden of Common Market membership on our overall balance of payments position.