HC Deb 12 July 1966 vol 731 cc1189-90
3. Mr. Cant

asked the Chancellor of the Exchequer whether, in view of the public concern about the problem of long-term capital imports and exports, he will initiate an official cost-benefit analysis of foreign investment.

Mr. Callaghan

Some aspects of this important matter are already under study and further research may become necessary.

Mr. Cant

Discounting the de Gaullist sentiments contained in Question No. 11, may I ask my right hon. Friend whether he does not find it strange that the Governor of the Bank of England thinks that foreign investment is absolutely vital, whereas Mr. Catherwood of N.E.D.C. thinks that capital investment abroad is the source of all our problems?

Mr. Callaghan

I should get into deep waters if I were to try to reconcile the conflicting statements of those who make pronouncements outside the House.

Mr. Speaker

Hon Members should not anticipate other hon. Members' Questions.