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Investment Policy

Volume 463: debated on Thursday 7 April 1949

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asked the Chancellor of the Exchequer when our policy of cutting back the housing, health and education programmes in pursuance of the longterm programme of giving priority to all uses of resources tending to create exports and go into capital formation at the cost of social services was approved by the E.C.A.

The Government's investment policy is summarised in paragraph 159 of the Long-Term Programme (Cmd. 7572), to which I would refer the hon. and learned Member.