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Economic Growth

Volume 640: debated on Thursday 18 May 1961

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asked the Chancellor of the Exchequer whether he will recommend the appointment of a Royal Commission to examine methods of promoting economic growth in Great Britain.

No. A good deal of useful study is going on in this field within Government and by both sides of industry. Moreover the Organisation for European Economic Co-operation has just set up a working group to study the facts of economic growth in member countries, to analyse the factors in growth and the impact of official policies on it. The United Kingdom will be cooperating fully in this work. In the circumstances I do not think that the establishment of a Royal Commission is called for at the present time.