HC Deb 06 November 1958 vol 594 cc1102-3
43. Mr. Rankin

asked the Chancellor of the Exchequer if he has studied the Cohen Report; and if he is now prepared to say whether he accepts the view of the Council that if price inflation is to be averted the pressure for goods and labour must be restricted.

Mr. Erroll

Yes, Sir. In answer to the second part of the Question, post-war experience of periods of peak demand provides substance for the Council's view, but my right hon. Friend does not despair of securing the co-operation of all concerned in finding a middle way.

Mr. Rankin

Is the hon. Gentleman aware that the Prime Minister has already paid tribute to the good luck which has favoured him and his Government in achieving the present state of favourable reserves? Will he now pay tribute to the help which he has received from the working class, through unemployment created by his policies?

Mr. Erroll

I think that we should all be glad to pay tribute to everybody concerned for work that has been done.