§ I have reached the end. The net effect of the proposals for changes in taxation in this Budget is to increase the borrowing requirement in 1967–68 by only £5 million.
§ I sum up the prospects for 1967 in three short sentences. We are back on course. The ship is picking up speed. The economy is moving. Every seaman knows the command at such a moment, "Steady as she goes".
§ The ChairmanIt is my duty under Standing Order No. 90 to put forthwith the Question on each of the Motions set out on the paper that has just been handed round—except the last Motion, which, of course, provides the basis for the ensuing debate. I understand that I shall have the support of the Committee if, on this occasion, instead of reading out in full each of the Resolutions I put each of the Questions in a shortened form; that is to say, that the first Motion be agreed to, that the second Motion be agreed to, and so on.
§ The ChairmanI am much obliged for the support of the Committee. I will, therefore, ask the Chancellor of the Exchequer formally to move the first Motion.