HC Deb 22 June 1948 vol 452 c1129
51. Mr. Osborne

asked the Chancellor of the Exchequer how much greater national production must be in 1948 than in 1938 in order to maintain the standard of living of 1938 after allowing for the worsening of export and import price levels, the loss of invisible income and the necessity to repay interest and loans overseas as detailed in Sections 12, 32, 33 and 37 of Command Paper No. 7344.

Sir S. Cripps

I regret that the complicated issues raised by the hon. Member's Question cannot be dealt with adequately in the reply to a Parliamentary Question.

Mr. Osborne

Is the Chancellor aware that a similar answer was given to me last week and that it was very unsatisfactory? Can he say how the position has changed since he issued this document a few months ago?

Sir S. Cripps

I am glad that the hon. Member has marked my consistency.

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