Economic Policy (Chancellor's Speech)

Part of Oral Answers to Questions — Employment – in the House of Commons at 12:00 am on 11th June 1974.

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Photo of Hon. Nicholas Ridley Hon. Nicholas Ridley , Cirencester and Tewkesbury 12:00 am, 11th June 1974

Is the right hon. Gentleman aware that the Chancellor's words do not tie in with the Government's actions and that higher taxes, price control and the possibility of vastly increased wage claims are leading to a crisis of confidence in industry which is already showing itself in a failure to make investment decisions? If the Government really believe in profitable private enterprise, will they reverse some of the disastrous economic policies upon which they have embarked?