HC Deb 17 February 1970 vol 796 cc67-8W
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, in more than the short-run, assist the level of employment.