§ Mr. Arthur Lewis
asked the Prime Minister whether the public speech made by the Chancellor of the Exchequer to 350W the United States Chamber of Commerce in London on Wednesday, 27th January outlining a 20 per cent. cut in Government expenditure represents the policy of Her Majesty's Government.
§ The Prime Minister
Yes. The hon. Member is presumably referring to the reduction in the rate of growth of public expenditure from 3.5 per cent. to 2.8 per cent. which the Chancellor announced on 27th October last and referred to in his speech on 27th January.