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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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I have referred shortly to the position of the private sector and the difficulties which will arise because of the great increase in public sector expenditure. That will remain with us for a long time to come. It will be extremely difficult to cut down public sector expenditure, but the difficulty will be for companies. Companies will be in a position of continuing doubt. They will not know how much they have to invest—and we are told by the Chief Secretary that this uncertainty will continue until next April. That is not good enough. Companies should know with more certainty where they stand. They will be under considerable pressure from the ever-increasing expenditure in the public sector.