Balance of Payments

HC Deb 31 May 1949 vol 465 cc1907-8

47. Colonel Crosthwaite-Eyre

asked the Chancellor of the Exchequer if in view of the changed world price levels, both of raw materials and manufactured goods, he is still satisfied that the estimate given by His Majesty's Government of the United Kingdom balance of payments at the end of this year is correct.

Sir S. Cripps

I am not aware that any such estimate has been given.

Colonel Crosthwaite-Eyre

In view of the fall in world prices, particularly of basic metals, which is not reflected by any similar fall in this country does not the Chancellor of the Exchequer think it will be very difficult for many exporters to reach their targets?

Sir S. Cripps

That is a completely different question from that as to whether an estimate is to be realised.