HC Deb 19 June 1952 vol 502 c113W
77. Mr. Osborne

asked the Chancellor of the Exchequer if, in view of the fact that the European Payments Union net deficit for May was £17,689,000 and showed no great improvement on the deficits for the two preceding months, he proposes to impose further import cuts so as to adjust the position.

Mr. Boyd-Carpenter

I would refer my hon. Friend to the statement by my right hon. Friend the Chancellor of the Exchequer last Thursday thatwe shall continue to take whatever further measures prove necessary to maintain confidence in sterling and to balance our payments."—[OFFICIAL REPORT, 12th June, 1952; Vol. 502, c. 407.]