Economic Situation

Part of the debate – in the House of Commons at 12:00 am on 11th October 1976.

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Photo of Mr John Nott Mr John Nott , St Ives 12:00 am, 11th October 1976

Would the hon. Gentleman think it fair to the policyholders—and it is their savings we are talking about—that they should have had those savings invested in, say, Government stock six months ago only to see the value of that stock fall in the intervening period? What would have been right about that?