HC Deb 03 August 1961 vol 645 cc1636-7
25. Mr. Swingler

asked the Chancellor of the Exchequer what steps he has taken since 25th July to formulate a national plan to raise production, promote exports, and achieve a better distribution of wealth; and what steps he is now contemplating to secure the elimination of waste and the fulfilment of essential needs.

Mr. Barber

I have nothing to add as yet to my right hon. and learned Friend's statements about the co-ordination of our economic development in the House on 25th and 26th July.

Mr. Swingler

Does that mean that no steps at all have been taken? We have heard all about cuts, wage restraint, and rising interest charges. When will some positive policies be produced to raise production, increase exports, and stop speculative waste? Has the Treasury no such proposals?

Mr. Barber

My right hon. and learned Friend explained when he made his statement that he deliberately did not want to be specific about the machinery involved, because he wanted to formulate it in consultation with those concerned. I assure the hon. Gentleman that my right hon. and learned Friend has not been inactive on this matter since 25th July. In regard to the hon. Gentleman's reference to waste, the new plans for public expenditure will reinforce the drive against wasteful expenditure and will make the economy better able to meet the essential needs to which the hon. Gentleman referred.

Sir T. Beamish

Since the exercise of sensible restraint in the payment of increased wages, salaries and dividends and the bringing to an end of outmoded restrictive practices are undoubtedly two essential prerequisites to the raising of productivity, is my hon. Friend comforted by the knowledge that he has the loyal support of the hon. Member for Newcastle-under-Lyme (Mr. Swingler) in both those matters?

Mr. Barber

I am grateful for that.

Mr. Swingler

Is the Economic Secretary aware that what we have heard so far about the results of his measures has been cuts in the provision of some essential needs, as, for example, a slow down in municipal housing, and the creation of a great deal of disruption in the education service? If this is all the contribution the Government have to make, it will not do much to raise production.

Mr. Barber

I can only suggest, with no disrespect to the hon. Gentleman, that he reads once again my right hon. and learned Friend's statement.