§ 19. Mr. Emrys Hughes
asked the Chancellor of the Exchequer, in view of the amount of money paid to Messrs. Ferranti for the Bloodhound missile, what further steps he will take to scrutinise and supervise such expenditure in future.
§ Mr. Hughes
Can the hon. Gentleman tell us where were the watchdogs of the Treasury when this bloodsucker operation was going on? Does not this show that the Chancellor of the Exchequer and the Treasury, or whoever looks after our finances, has allowed a grave scandal to develop? What is going to be done about it?
§ Mr. F. Harris
Does my hon. Friend think that hon. Members opposite fully realise that at least 53 per cent. of this money, and possibly up to 78¼ per cent., automatically comes back to the Government by way of taxation?