§ 43. Mr. S. O. Daviesasked the Chancellor of the Exchequer what steps the Government are taking with a view to preventing the economic involvement of this country in the recession now affecting the United States of America.
Mr. AmoryThe Government are watching the situation closely. But there is so far no sign that the level of activity in this country is being affected adversely by the fall in activity in the United States.
§ Mr. DaviesHas the Chancellor not consulted or seen some of the more responsible American economic journals and the statements of responsible American economists? Is it not now obvious that it is necessary to attempt to build our export trade on a much wider base through the Commonwealth and through those countries in Eastern Europe which do not experience economic crises these days?
Mr. AmoryI agree with the hon. Gentleman that every possible effort must be made to stimulate our export trade still further.