Results 21–40 of 527 for speaker:Major Donald Bruce

Sterling Exchange Rate (27 Sep 1949)

Major Donald Bruce: Answer.

Economic Situation (18 Jul 1949)

Major Donald Bruce: We have been listening this afternoon to the more progressive wing of the Conserva- tive Party. On Thursday we were privileged to hear the right hon. Gentleman the Member for Aldershot (Mr. Lyttelton) and the hon. Member for Chippenham (Mr. Eccles), and the tenor of their speeches was in singular contrast to the speech which we have had from the right hon. Gentleman the Member for Warwick...

Economic Situation (18 Jul 1949)

Major Donald Bruce: Last Thursday the right hon. Member for Aldershot and his hon. Friend the Member for Chippenham had two solutions which have been well publicised in the Press. The first solution to the immediate problem which they put forward was that there should be a reduction in Government expenditure, and that solution has been propounded in every Tory editorial throughout the United Kingdom. The other...

Economic Situation (18 Jul 1949)

Major Donald Bruce: I have many and valued friends in the U.S.A., and my information is that that is not so. But even assuming that costs here are too high, and that the prices of our commodities overseas are too high, we have to face the fact that as time passes we must keep our prices competitive in all parts of the world. If that is so, what is wrong with increasing efficiency? In all their talks about...

Economic Situation (18 Jul 1949)

Major Donald Bruce: Let me finish my sentence—except, of course, within its political context. The reason why the Opposition bring in their cry for the reduction of Government expenditure and of taxation is really very simple: they know it is a popular cry in the country, and they think that by using it, and by introducing this particular solution on this particular problem, they can lay it about in the...

Economic Situation (18 Jul 1949)

Major Donald Bruce: Unlike quite a number of hon. Gentlemen, whenever I speak on a matter in which I have a financial interest, I always disclose that financial interest first. Had I any financial interest in any of these transactions, I should immediately have declared it. I now pass to the second part of the argument which is used by the Opposition and which is concerned with the restoration of confidence....

Economic Situation (18 Jul 1949)

Major Donald Bruce: Quite clearly, no lack of confidence is revealed by the records. At the end of 1948 our industrial production was 21 per cent. above what we achieved in 1938, and agricultural production was between 15 and 20 per cent. higher; we were employing more workpeople; and by the end of 1948 we had invested some £3,402 million in the great capital industries—housing and all the rest—and had...

Economic Situation (18 Jul 1949)

Major Donald Bruce: What was the right hon. Gentleman saying in January 1926? Unemployment during this time had never been below a million and production had never gone up to the 1913 level. Yet what was he saying? He was saying: Prosperity, that errant daughter of our house, who went astray in the Great War, is on our threshold. She has raised her hand to the knocker on the door. What shall we do? Shall we let...

Economic Situation (18 Jul 1949)

Major Donald Bruce: —are not averse from making that co-operative effort which will be made between the Commonwealth, the sterling area and the United States themselves. All that this conference will do, if it is to be successful, is to put into operation on an international scale the same principles His Majesty's Government have been applynig internally in the United Kingdom. In the last four years our...

Economic Situation (18 Jul 1949)

Major Donald Bruce: The hon. Gentleman's party raised it in the first instance, and I only referred to what was said by his hon. Friend the Member for Chippenham (Mr. Eccles).

Orders of the Day — Economic Situation (14 Jul 1949)

Major Donald Bruce: Will the hon. Gentleman now tell the House whether he is speaking officially on behalf of his party? It would be rather interesting if he would say.

Orders of the Day — Finance Bill: New Clause. — (Relief of Profits Tax on Reserved Profits.) (28 Jun 1949)

Major Donald Bruce: The remarks advanced by the Opposition for the Clause, voiced largely by the hon. Member for Altrincham and Sale (Mr. Erroll) were to the effect that industry is in need of extra funds for the purpose of capital investment. That is the broad general case. I know the hon. Gentleman referred to stocks, but a good deal of his emphasis was in relation to capital investment. I do think the...

Orders of the Day — Finance Bill: New Clause. — (Relief of Profits Tax on Reserved Profits.) (28 Jun 1949)

Major Donald Bruce: The hon. Gentleman's remarks are on the record, and he referred to the necessity for replacement and for new buildings. Hon. Gentlemen cannot really have it both ways. One of the very droll things about the Opposition in matters of this kind is that for some reason they seem to think they represent industry. "These things are an insult to industry," they say, as if industry consisted only of...

Orders of the Day — Finance Bill: New Clause. — (Relief of Profits Tax on Reserved Profits.) (28 Jun 1949)

Major Donald Bruce: I did not say what I thought Lord Woolton said but I said what he did say. He said in October, 1947, that in these days of over-full employment there must be a drastic tightening of capital expenditure. If the hon. Member does not like those words and wants to alter them, as no doubt the Front Bench opposite would like to do, he had better get on with it.

Orders of the Day — Finance Bill: Clause 14. — (Charge of Income Tax for 1949–50.) (23 Jun 1949)

Major Donald Bruce: I should like first to deal with the effect of the Amendment which has been moved by the hon. Member for Chippenham (Mr. Eccles). On the face of it, any proposal to reduce the standard rate of taxation is one which appears to have a considerable ameliorative effect upon the population as a whole; and on the face of it, those reading that there was a proposal to reduce the standard rate of...

Orders of the Day — Finance Bill: Clause 14. — (Charge of Income Tax for 1949–50.) (23 Jun 1949)

Major Donald Bruce: I was assuming, as I think I was entitled to assume, that the reduction of the standard rate of tax from 9s. to 8s. 6d. would have the effect of reducing the lower rates of tax charged on the first £50 of taxable income and on the next £200.

Orders of the Day — Finance Bill: Clause 14. — (Charge of Income Tax for 1949–50.) (23 Jun 1949)

Major Donald Bruce: I am always perfectly willing to take the remarks of the Opposition within the context in which I believe them to be intended. I do not believe they merely intended to reduce the standard rate of tax without at the same time following up its effects on the reduced rates. I am prepared to argue my case, if my hon. Friend will permit me, on the basis of giving the opposition as much as...

Orders of the Day — Finance Bill: Clause 14. — (Charge of Income Tax for 1949–50.) (23 Jun 1949)

Major Donald Bruce: The hon. and gallant Member should really learn the facts of life and read his own party literature. The suggestion of the Conservative Party is always that the working people are in need of an incentive; that the existing high rate of taxation prevents them from putting forward their best; that they are really not getting as much out of the social services as they are putting in. That,...

Orders of the Day — Finance Bill: Clause 14. — (Charge of Income Tax for 1949–50.) (23 Jun 1949)

Major Donald Bruce: I shall deal with the hon. Member in my own way in the course of my speech. I should like to produce some documentary evidence in support of the contentions which have been put over from this side. I do not think it is generally realised that over the last four years, since the end of the war, far from the working people in this country having slackened—as is always the sneer or...

Orders of the Day — Finance Bill: Clause 14. — (Charge of Income Tax for 1949–50.) (23 Jun 1949)

Major Donald Bruce: Does not the hon. Gentleman agree that rumours of that kind are being deliberately encouraged by irresponsible statements made by hon. Members of his own party concerning the achievements of his own country?


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