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War Damage (Outstanding Liabilities)

Volume 440: debated on Thursday 17 July 1947

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58.

asked the Chancellor of the Exchequer since the war damage insurance account is now exhausted and there are still some £700 million in claims to be paid, how the Government proposes to meet these liabilities without causing further serious inflation.

By paying these sums gradually and by encouraging the recipients to save. Outstanding liabilities are about £100 million less than the hon Member supposes.