§ 49. Mr. Reeves
asked the Prime Minister whether the statement made on 16th May by the Chancellor of the Exchequer in relation to defence expenditure represents the policy of Her Majesty's Government.
§ The Prime Minister
My right hon. Friend, in his address to the Foreign Press Association on 16th May, pointed out some of the problems for the United Kingdom economy of our present defence expenditure: but he made no statement of policy on this subject.