HC Deb 14 March 1967 vol 743 cc47-8W
92. Mr. Alison

asked the Chancellor of the Exchequer whether he has sought and obtained estimates of the extent to which imports have been reduced solely as the result of growth slower than the growth in potential output.

Mr. Hordern

asked the Chancellor of the Exchequer what he estimates to have been the reduction in imports due solely to growth slower than the growth in potential output.

Mr. Diamond

The growth of the economy is governed not only by physical capacity but by the ability of the country to pay for the imports needed to support such growth. The Government's policies will ensure that economic growth is resumed on a sound and sustainable basis.