§ Sir C. Osborneasked the Chancellor of the Exchequer, in view of the Bank for International Settlements' opinion, expressed in its recent annual report, that the root of Great Britain's economic troubles lies in successive Government expenditure, if he will impose a 10 per cent, cut in every spending Department's programme, leaving to each Minister how that cut shall be applied, in order to avoid having to continue to seek help from overseas bankers; and if he will make a statement.
§ Mr. CallaghanNo. Public expenditure has been already brought under firm control on the basis set out in Cmnd. 2915.