The Economy

Part of Council Tax Rebate – in the House of Commons at 5:25 pm on 31st March 2009.

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Photo of Kelvin Hopkins Kelvin Hopkins Labour, Luton North 5:25 pm, 31st March 2009

Is it not a fact that the depression in the 1930s arose, at least primarily, from the deflationist policies operated after 1929 by certain Governments, notably the Government of Germany [Interruption]—and Britain? A degree of tariff protection enabled countries to reflate their economies. Protectionism came later, and actually helped the recovery. It was the deflation at the beginning that caused the problem.

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