§ 72. Mr. Osborne
asked the Chancellor of the Exchequer, yin view of the fact that exports for the first 11 months of 1960 increased only 6 per cent. on 1959 whereas imports increased by 15 per cent., and since exports are tending to slow down, what steps he is taking to reduce imports and in what classes; and, since the nation cannot permanently live beyond its 143W means, if he will use every agency of government publicity to give warning of these economic dangers.
§ Sir E. Boyle
The Government have already introduced a number of steps to check excessive home demand, which should affect the quantity of imports. But the best way to correct the trade imbalance is to expand exports. I can certainly assure my hon. Friend that my right hon. and learned Friend will continue to warn the country that our economic progress depends on our ability to maintain a satisfactory balance of payments.