§ 49. Dame Irene Wardasked the Chancellor of the Exchequer whether he will make a statement on the present financial situation, so far as the balance of payments and the condition of sterling are concerned.
§ Mr. CallaghanWe have been passing through a very difficult period for the balance of payments and for sterling. The measures taken by the Government should be reflected in improved figures in the months ahead. They will show that we are getting our overseas payments back into balance. This is our first task in 1965. The December trade figures released yesterday are certainly encouraging.