§ 72. Mrs. Shirley Williamsasked the Chancellor of the Exchequer what steps he is taking to increase international liquidity in the light of the measures to restrict the outflow of dollars now under discussion in the United States of America.
§ Mr. CallaghanThe measures recently announced by the President of the U.S.A. do not create a new situation, since the American policy of reducing their balance of payments deficit has been part of the background to international discussions about world liquidity for some years. In these, as I told the House in reply to a question by the hon. Member for Cheadle (Mr. Shepherd) on 19th January, the Government intend playing a full part.