§ Mr. Ridleyasked the Chancellor of the Exchequer if he will make a statement about Her Majesty's Government's policy in relation to the lifting of controls upon the free movement of capital within the EEC, and the United Kingdom's obligations under the Treaty of Accession.
§ Mr. Robert SheldonAs my right hon. Friend the then Paymaster General said in the reply he gave to the hon. Member for Oswestry (Mr. Biffen) on 18th December 1975—[Vol. 902, c.704]—exchange control restrictions on capital movements have been authorised under the EEC Treaty in view of our balance of payments difficulties.