§ 28. Sir C. Osborne
asked the Chancellor of the Exchequer to what extent he took into consideration, when deciding on cuts in Government expenditure, the conditions of further loans laid down by international sources of finance; how long it will be before these cuts are wholly effective; if he will give an assurance that, should they be insufficient, he will impose further harsher cuts; and if he will make a statement.
§ Mr. Callaghan
All relevant considerations were taken into account. The measures will become effective during the next few months and the Government will continue to keep the situation under review.