Public Expenditure

Part of the debate – in the House of Commons at 12:00 am on 17th March 1977.

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Photo of Mr John Pardoe Mr John Pardoe , North Cornwall 12:00 am, 17th March 1977

The right hon. and learned Gentleman knows perfectly well that the cuts announced in December 1973 post-dated the expansion of the money supply of 60 per cent. He knows perfectly well that any Government who expand money supply by 60 per cent. in two years are bound to wreck the economy, and they did.