HC Deb 16 November 1948 vol 458 c206
53. Mr. Emrys Hughes

asked the Chancellor of the Exchequer to what extent the re-armament programme is likely to affect the supply of goods for consumption in the coming year.

Sir S. Cripps

The measures so far taken are unlikely to affect significantly the supply of goods for consumption in the coming year.

Mr. Hughes

Does the Chancellor of the Exchequer think that we can have more guns and more butter at the same time?

Sir S. Cripps

Yes, Sir, if our production is increased.