Post-War Credits

HC Deb 07 December 1965 vol 722 cc234-5

48. Mr. Pounder

asked the Chancellor of the Exchequer if he will make a statement on the repayment of post-war credits.

Mr. Callaghan

I have no statement to make at present.

Mr. Pounder

Does not the Chancellor appreciate that, 20 years after the end of the war, there is still £224 million worth of post-war credits, plus interest of over £36 million waiting to be repaid? Is it not time that he had some plans to hand this money back to the taxpayer?

Mr. Callaghan

If the country's finances had been handed over to us in a better state, I might have been able to make more progress.