§ Mr. Heffer
asked the Chancellor of the Exchequer what further steps he intends to take to reflate the economy in order to reduce the high level of unemployment.
§ Mr. Roy Jenkins
In my judgment there are already certain reflationary factors at work in the economy. I do not consider that a policy of indiscriminate reflation would be compatible with our economic objectives, or would, in68W more than the short-run, assist the level of employment.