Phasing Out of Aprt

Part of Orders of the Day — Finance Bill – in the House of Commons at 7:15 pm on 28th April 1983.

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Photo of Jack Straw Jack Straw Shadow Spokesperson (Treasury) 7:15 pm, 28th April 1983

It was no slip of the tongue. I used the word "squandered" advisedly. This is not the time to have a major debate on economic policy, but the Opposition believe that it would have been far better to run the economy with higher activity and lower unemployment, and to have used North sea oil revenue not to support millions of people out of work but to create work.