§ 47. Mr. Teeling
asked the Chancellor of the Exchequer whether he will consider the abolition of P.A.Y.E. on all overtime over a weekly agreed number of hours; and whether to encourage production he will allow 75 per cent. of the surplus of all goods produced over the 1947 target figure to be diverted to the home market.
§ Sir S. Cripps
The answer to the first part of the Question is that I cannot anticipate my Budget statement, and to the second part, "No, Sir." Any large diversion of exports to the home market would reduce our ability to buy essential foodstuffs and materials, and diminish rather than increase the incentives to production.