§ 45. Mr. Carterasked the Chancellor of the Exchequer if he is satisfied with the efforts of all Government Departments to create, via public expenditure, the maximum number of employment opportunities; and if he will make a statement.
§ Mr. Maurice MacmillanThe general policies of my right hon. Friend, including the announced tax cuts of £1,400 million per year, the relaxation of hire-purchase terms controls and the relaxation of credit, have provided the major reflationary action required to stimulate employment. In addition, over £650 million has been added to the public expenditure programmes in the short term, mainly to provide extra stimulation to employment in the development and intermediate areas. If further action becomes necessary it will be taken.