U.S.A. (Balance of Payments)

HC Deb 18 March 1965 vol 708 cc315-6W

99. Commander Courtney

asked the President of the Board of Trade if he anticipates a further deterioration in the unfavourable United Kingdom balance of trade with the United States of America resulting from the recent decision of the United States Government to discourage holidays abroad; whether he contemplates the use of quotas or other import restrictions to counterbalance such a deterioration; and if he will make a statement.

Mr. Redhead

It is too soon to say what the effect will be on our balance of payments with the United States of America. The Government do not contemplate measures of the kind mentioned by the hon. and gallant Member.