Part of the debate – in the House of Commons at 4:18 pm on 22 April 1987.
Over and above the serious balance of payments deficit that we are running up in manufacturing industry, what about the United States' crisis which is approaching, the trade war which is looming, the £117 billion trade deficit of the United States and the £200 billion deficit in its budget? Are not those factors over and above those that the Government are creating, and are they not likely to have some impact on our economy?