HC Deb 17 June 1948 vol 452 c67W
49. Mr. Osborne

asked the Chancellor of the Exchequer in view of the rise in our adverse trade balance, the difficulty of attaining export targets, because of our high production costs and the threat of reduced Marshall Aid, what reductions he proposes to make in imports of food or of raw materials.

Mr. Glenvil Hall

It would be premature to take such action at the present moment. The situation is however being kept under close review.