HC Deb 16 May 1966 vol 728 c192W
Sir C. Osborne

asked the Chancellor of the Exchequer, in view of the fact that the Wall Street crash of 1929 destroyed the British economy, what plans he has to safeguard Great Britain from the effects of the growing slump in the United States motor manufacturing industry; and if he will make a statement.

Mr. Callaghan

Today there are better arrangements than there were in 1929 for dealing with economic matters of mutual concern, and a constant watch is kept on developments in individual countries. At present almost all the indicators point to continuing buoyancy in the United States economy.