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Part of the debate – in the House of Commons at 12:00 am on 25 October 1976.

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Photo of Mr Denis Healey Mr Denis Healey , Leeds East 12:00, 25 October 1976

This is a matter of great concern to the Government, and we have considered it along with some of our friends. But I think that the general—indeed, unanimous—view is that the basis on which any action should be taken on it would be the successful application by the United Kingdom for a further standby by the IMF, and that is where the matter for the time being must rest.