§ 52. Major Bruceasked the Chancellor of the Exchequer, in view of the signs of disinflation now appearing, what proposals he has for modifications to the capital investment programme set out in Capital Investment in 1948 as modified by the Economic Survey for 1948.
§ Sir S. CrippsI have nothing to add to my remarks on this topic during the Third Reading of the Finance Bill last Friday.
§ Lieut.-Commander BraithwaiteWill the right hon. and learned Gentleman see that the process of deflation, so often denounced from the benches opposite, is not allowed to be camouflaged under the new title, which appears to have originated from the Minister of Health?
§ Major BruceIs my right hon. and learned Friend aware that the term was used in this House by a-former Chancellor of the Exchequer of the Opposition?
§ Lieut.-Colonel LiptonWill my right hon. and learned Friend explain somehow or another the difference between "disinflation" and "deflation"?