§ Sir W. Smithers
asked the Chancellor of the Exchequer whether, in view of the depreciation of Treasury 2½ per cent. 100W Stock by 36 per cent. resulting from the establishment of credit on a 2½ per cent. basis, a cheap money policy is still the policy of the Government.
§ Mr. Gaitskell
It will always be the policy of the Government to raise any money which it needs to borrow, on the cheapest possible terms.