§ Q17. Mr. Atkinsonasked the Prime Minister if the public speech made by the Secretary of State for Trade and Industry on Thursday 7th June 1973 in London in which he stated that public ownership of banking and insurance in Great Britain would cause all holders of sterling to remove their capital from the United Kingdom represents the policy of the Government.
§ The Prime MinisterWhat the Secretary of State for Trade and Industry actually said was that the nationalisation of the insurance companies and the banks would do massive damage to the balance of payments. I agree with him.