Clearing Banks' Cartel

HC Deb 12 January 1971 vol 809 cc54-5W

Mr. Proudfoot

asked the Chancellor of the Exchequer if he will make an up-to-date estimate of the cost to the community of the clearing banks' cartel.

Mr. Higgins

No. Without necessarily accepting the implications of the Question, I would only say that there is no firm basis on which any such estimate could be attempted.