HC Deb 05 June 1951 vol 488 cc99-100W
Sir W. Smithers

asked the Chancellor of the Exchequer whether, in view of the depreciation of Treasury 2½ per cent. Stock by 36 per cent. resulting from the establishment of credit on a 2½ per cent. basis, a cheap money policy is still the policy of the Government.

Mr. Gaitskell

It will always be the policy of the Government to raise any money which it needs to borrow, on the cheapest possible terms.