HC Deb 23 January 1951 vol 483 cc33-4
70. Mr. Osborne

asked the Chancellor of the Exchequer how much was the United Kingdom trading deficit with the dollar area for 1950.

Mr. Gaitskell

I must ask the hon. Member to await the full analysis of the United Kingdom's trading position in 1950, which will be shown in the next Balance of Payments White Paper.

Mr. Osborne

Will the Chancellor tell the House whether or not we had a deficit with the United States, including the amount we had free from America by way of Marshall Aid?

Mr. Gaitskell

Disregarding Marshall Aid, I think I can say that the deficit, although it existed, was substantially smaller than in the previous year.

Mr. Osborne

Irrespective of Marshall Aid?

Mr. Gaitskell

Yes, Sir.