HC Deb 21 May 1946 vol 423 c193
56. Mr. De la Bère

asked the Chancellor of the Exchequer whether, in addition to stimulating production and savings and maintaining rationing, price control and cost of living subsidies as preventive measures against inflation, he will now consider, in view of the trend to inflation during the last fortnight, some adjustment of his existing cheap monetary policy.

Mr. Dalton

No, Sir. Dearer money would not stimulate production, rather the contrary.

Mr. De la Bère

While recognising the need for cheap money, would the Chancellor endeavour to confer with his colleagues in the Cabinet to see whether they can introduce a wage policy in order to check inflation in the future? May I have an answer?

Mr. Dalton

No, Sir, not to a question which does not arise out of what is on the Order Paper.