§ Mr. Arthur Lewisasked the Chancellor of the Exchequer by how much he estimates that the United Kingdom's balance of payments will be in surplus during the current calendar year; and whether, in view of his expectation of a balance of payments surplus in 1967, he will give an assurance that he will not take any further deflationary action until the full results of this year's trading surplus are made available.
§ Mr. CallaghanOn the first part of the Question, I would refer my hon. Friend to my replies to the hon. Members for South Angus (Mr. Bruce-Gardyne) and Belfast, North (Mr. Stratton Mills) on 18th July. With regard to the second part, any measures will be taken in the light of all relevant considerations.—[Vol. 750, c. 1695–6.]