Part of Orders of the Day — Supply – in the House of Commons at 12:00 am on 21st June 1978.

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Photo of Mr Norman Tebbit Mr Norman Tebbit , Waltham Forest Chingford 12:00 am, 21st June 1978

As the Secretary of State knows, we welcome these proposals, but would he put them in context? Would he agree with me that the £600 loan is rather less than the aggregate amount by which the net take-home pay of the average industrial worker has fallen from the levels at which it stood in February 1974? The net result of the Government's period in office, therefore, is that the average worker gets a loan of £600, having lost that much in cash.