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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.

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Photo of Mr Peter Hordern Mr Peter Hordern , Horsham and Crawley 12:00 am, 16th July 1975

I am not quite clear what the hon. Gentleman is inviting me to do. If he would like me to comment further on the public sector borrowing requirement, I will do so. Had he been here earlier he would have heard that the problem arose from the size of the public sector deficit in the current year, which is about £8,000 million. The fact that our trade balance is improving, as the hon. Gentleman said, produces an enormous strain on the personal and private sectors, both on individuals and on companies.

The position is that unless individuals are prepared to curb their spending habits