Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.

Donate to our crowdfunder

Stock Appreciation

Part of Orders of the Day — FINANCE (No. 2) BILL – in the House of Commons at 12:00 am on 16th July 1975.

Alert me about debates like this

Photo of Mr Robert Cant Mr Robert Cant , Stoke-on-Trent Central 12:00 am, 16th July 1975

I should like to assist the hon. Gentleman in his minor filibuster. I agree with what he says about the dangers of the enlarged public sector borrowing requirement. Is he possibly trying to persuade the Chancellor—we know that he will not succeed—to do something disastrous for British business? With a great deal of financial dexterity the Chancellor is financing the public sector borrowing requirement. He is under strain as the balance of payments comes nearer in equilibrium. At least we are attracting foreign money. We are showing great skill in selling gilt-edged securities. We can enlarge the money supply, for example, only by the sale of Treasury bills. As the hon. Gentleman referred to factors stretching into 1976, including the recovery of world trade, will he not encourage the Chancellor to extend the public borrowing requirement?