asked the Prime Minister whether the speech of the Chancellor of the Exchequer on Saturday 15th July at Hawarden about Great Britain's economic difficulties at home and abroad represents Government policy.

Yes, Sir.

Then would the Prime Minister confirm that he agrees with the Chancellor's admission last Saturday that the election slogan, "You have never had it so good", was a fraud on the public, and would he confirm also that he agrees with the implied strictures on himself in that speech for going around the country saying that every- thing is all right when it is not?

I had taken the precaution of looking at one or two of the election broadcast statements of the party opposite. If there were any question of a white sheet, mine would have to be of a very grey character compared with theirs.

Would the right hon. Gentleman answer one simple question about this matter? Does he consider that the policies advocated at the General Election, and pursued since then, have had a good or a bad result?

That does not arise out of this Question, which asks whether I agree with a speech made by my right hon. and learned Friend. I shall have some observations to make at the end of the debate next week, and I am quite sure that they will be listened to.