HC Deb 13 June 1950 vol 476 cc30-1
58. Mr. Nabarro

asked the Chancellor of the Exchequer whether his attention has been drawn to the recent report of the Anglo-American Council on Productivity on the Drop Forgings Industry; and what steps he proposes to take to implement the recommendations contained therein.

Sir S. Cripps

Yes, Sir. I have seen the Report, which is welcomed by the Government. Its implementation is, however, a matter for the industry, which organised the visit to the United States.

Mr. Nabarro

Can the Chancellor say whether his attention has been specifically drawn to the contents of section 13 of chapter 3, entitled "Incentives," which condemns the inflationary tendencies in Britain, the penal rates of direct and indirect taxation and the high cost of living as causes for the disparity in the rates of production?

Sir S. Cripps

Certainly, I have read this document and all these documents. They are well worth reading by everyone interested in them.