§ 42. Mr. Allaun
asked the Chancellor of the Exchequer if, in view of the spread of automation, he will reconsider his economic policy to ensure that sufficient purchasing power is secured by the people to absorb the increased production.
§ Mr. R. A. Butler
The economic policy of the Government is constantly reviewed to take account of current developments. At present I see no signs that purchasing power is insufficient for our production.
§ Mr. Allaun
Does the Chancellor of the Exchequer appreciate that, if unemployment is to be avoided, the second industrial revolution will require more public planning, and not less?
§ Mr. Butler
Yes, Sir. The difficulty at present is that we have more unfilled vacancies than unemployment and there is really a pressure the other way round from that which the hon. Gentleman suggests in his Question.