§ 77. Mr. Sheldonasked the Chancellor of the Exchequer what action he is taking to prevent a turn-down in world trade consequent on recent United States economic measures.
§ Mr. Roy JenkinsIf economic adjustment is to work smoothly, countries now in surplus or a strong reserve position will need to accept a worsening in their balances of payments, in order to make room for the necessary improvement in the balance of payments of both the United Kingdom and the United States. We are at present discussing these problems with the Governments of the other countries in the appropriate international organisations.