HC Deb 17 December 1964 vol 704 cc135-6W
Sir C. Osborne

asked the Chancellor of the Exchequer, in view of the fact that it is the intention of Her Majesty's Government that their financial policy shall not be deflationary, how much inflation he proposes to put into the economy; to what extent inflation is a permanent feature of his policy; and if he will make a statement.

Mr. Callaghan

The Government's policy is designed to secure a proper balance between demand and productive capacity.