HC Deb 18 December 1967 vol 756 c294W
Mr. Bruce-Gardyne

asked the Chancellor of the Exchequer what steps he intends to take to ensure that consumers expenditures, in real terms, are lowered following devaluation.

Mr. Roy Jenkins:

The measures which the Government has taken so far will check the growth of consumers' expenditure; there can be little if any scope for an increase in consumption next year, given the need to shift resources into improving the balance of payments and increasing investment.