HC Deb 25 March 1958 vol 585 cc216-7
32. Mr. H. Wilson

asked the Chancellor of the Exchequer whether he will make a statement concerning the Government's intentions about legislation to repeal or amend existing statutory powers in the field of exchange control.

35. Mr. Roy Jenkins

asked the Chancellor of the Exchequer what economic controls he is proposing to abandon, in view of the recent announcement of general Government policy in this regard.

Mr. Amory

The Government's policy is to do away with powers exercised under emergency legislation. This means abolishing those controls exercised under it which are no longer needed and seeking permanent powers to cover those which are. I have no statement to make at present in regard to economic controls.

Mr. Wilson

While we understand the intoxicating effect upon the Lord Privy Seal of his audience a week last Friday, may I ask whether the Chancellor is aware that we shall strongly support him in refusing to get rid of some of the essential exchange control regulations which are vital for the maintenance of sterling at this time?

Mr. Amory

My right hon. Friend the Home Secretary and I are in complete accord in regard to Government policy in this matter.