HC Deb 12 December 1950 vol 482 c130W
49. Mr. Osborne

asked the Chancellor of the Exchequer how much Marshall Aid is required by the United Kingdom for the current year in order to prevent a reduction in our standard of living; and how much American aid is being sought towards the cost of our rearmament.

Mr. Gaitskell

The question of how much, if any, Marshall Aid would be necessary to prevent a reduction in our standard of living depends on a number of factors which cannot be precisely forecast, such as the rate of increase in production, the scale of our defence effort, and any change in the terms of trade, including the trade of the rest of the sterling area. As regards the second part of the Question, I have nothing to add to what was said by my right hon. Friend the Prime Minister on 31st October.