§ 11. Mr. Nabarroasked the Chancellor of the Exchequer whether, having regard to the recent change in the Bank Rate, he will now raise the Capital Issues Committee exemption limit from £10,000 to £50,000.
Mr. AmoryThe existing financial and credit restrictions are being kept under continuous review, but I have no proposals for changes to make at the present time.
§ Mr. NabarroYes, we are all aware of that, Mr. Speaker, but is not it a fact that the unduly harsh and restrictive limit of £10,000 only was introduced in the quite exceptional circumstances of last September? As the Bank Rate 1081 comes down—no doubt it will come down again in the next few weeks—would not it be appropriate that this limit should move back from £10,000 to £50,000, where it was prior to last September?
Mr. H. WilsonWill the right hon. Gentleman take it, at any rate from this side of the House, that we support him in not giving effect to his hon. Friend's proposal, and that if he were to move even a little way to meeting his hon. Friend, he would be moving not forward but backward?
Mr. AmoryI hope I can rely on the right hon. Gentleman's general support throughout this evening and tomorrow evening.