HC Deb 07 December 1922 vol 159 c1982
55. Mr. W. GREENWOOD

asked the Prime Minister if he is aware that our exchange with the United States was at the highest point since the War on Monday last; that, so far as can be ascertained in comparison with other countries, we have most unemployment, bankruptcies, and suicides; and if he proposes taking any action in the matter of arresting the deflation in our currency with a view to helping employment?

Mr. BALDWIN

In view of the relative steadiness of commodity prices in recent months, I am not satisfied that deflation in our currency is now in fact taking place. The action which the Government, propose to take to meet unemployment has already been explained to the House.

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