HC Deb 02 August 1962 vol 664 cc782-4
27. Mr. Callaghan

asked the Chancellor of the Exchequer if he will introduce a second Budget with the objects of increasing industrial production, reducing unemployment and redistributing the burden of taxation.

Mr. Boyd-Carpenter

No, Sir.

Mr. Callaghan

Is the right hon. Gentleman aware that this is at least a change in view of the second budgets which we have bad regularly? Since steel production is running so far below capacity, textile production is below last year, cement production and brick production are down and the number of approvals for new factories is so much lower than last year, how does the right hon. Gentleman or the Chancellor of the Exchequer propose to stimulate the economy in view of the fact that there are now 400,000 unemployed in this country?

Mr. Boyd-Carpenter

My right hon. Friend the Chancellor of the Exchequer dealt with this topic very fully when winding up the debate on Thursday night. I have nothing at this stage to add to his very clear and comprehensive review of the sitution and of our policy.

Sir Harmar Nicholls

Is my right hon. Friend aware that the list of "downs" just named by the hon. Gentleman in no way truly represents the real prosperity of this country at the moment?

Mr. Boyd-Carpenter

I fully agree with my hon. Friend.