HC Deb 13 June 1967 vol 748 c288
28. Mr. Biffen

asked the Chancellor of the Exchequer by what amount he intends to revise the projected expenditure of £13,295 million for 1969–70 in the public sector, excluding nationalised industries, at 1965 Survey prices, on account of the underfulfilment of the National Plan targets; and if he will make a statement.

Mr. Diamond

I would refer the hon. Gentleman to what my right hon. Friend said in his Budget statement.—[Vol. 744, c. 990.]

Mr. Biffen

The right hon. Gentleman's right hon. Friend said that we would have to wait, and we are still waiting. While we are still waiting, will the Chief Secretary take this opportunity to confirm that if we are to have the expected recovery in private investment some room must be made for it by a moderation in the rate of expension of public expenditure?

Mr. Diamond

My right hon. Friend said in his Budget statement that when private investment grew room must be made to accommodate it.