HC Deb 21 November 1968 vol 773 c317W
Sir C. Osborne

asked the Chancellor of the Exchequer on what evidence he based his official assessment that the new hire-purchase measures to enforce moderate consumer demand will produce an immediate effect on demand; and by what amount he estimates that this will reduce the traditional Christmas trade.

Mr. Diamond

Past experience shows that the effect on demand of variations in hire-purchase controls is virtually immediate. As to the second part of the Question, it is difficult to give a precise estimate.

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