Mr David Marquand
Former MP for Ashfield
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Former MP for Ashfield
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Donate nowWe have just heard a characteristically lucid and powerful speech from the right hon. Member for Down, South (Mr. Powell). I am not sure that I agreed with any of his arguments, but I agreed with one of his conclusions: what he said about the rate of interest was profoundly true. The right hon. Gentleman was wrong, however, to deprecate the language of crisis. We do face a crisis, and the...
No, I do not; but I think that they should and could be lower than the present rate and that the rate of inflation could be lower also. Secondly, I believe that we have to grasp what for everybody in the Labour Party is an extremely unpleasant and distasteful nettle—namely, that there is no way of reducing interest rates without reducing the public sector borrowing requirement, either by...
The hon. and learned Gentleman must forgive me if I do not give way to him. We have been asked to be brief, and I want to comply with Mr. Speaker's request. We must have higher, not lower, taxation on high incomes. Fourthly, the Government must face the fact that some form of controls on imports is almost certainly inescapable. I do not find it easy to say that. I know all the arguments...
Former MP for Ashfield
Entered the House of Commons on 31 March 1966 — General election
Left the House of Commons on 5 January 1977 — unknown
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