§ 42. Mr. William Hamiltonasked the Chancellor of the Exchequer it he will make a statement, supported by detailed statistical information, showing what progress has been made since October, 1964, in solving the balance of payments problem.
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§ Mr. CallaghanUp to June, the trade deficit this year has been little more than half the rate last year. In the first quarter of 1965, the deficit on current and long-term capital transactions fell to £97 million, which is about half the rate in the previous quarter. Details were given in the tables and commentary published in the June issue ofEconomic Trends, a copy of which is in the Library.