HC Deb 23 June 1960 vol 625 c653
8. Mr. Lipton

asked the Chancellor of the Exchequer what have been the financial effects to date of the restrictions he recently imposed on hire-purchase transactions.

Mr. Amory

It is too early yet to assess accurately the effect of these restrictions.

Mr. Lipton

Apart from the unfortunate victims who are being sacked as a result of deliberate Government policy, is it not fairly obvious that when our economy is precariously balanced on a knife edge the deceptive prosperity of last October was just another piece of election trickery on the part of the Tory Party?

Mr. Amory

On the contrary; people who had never had it so good last autumn are having it still better today, over the nation as a whole. It is true that with our economy there is comparatively little room for manoeuvre, and that makes it very important that steps either way should be taken in time.