• Short Summary

    BRITAIN'S NEW LABOUR GOVERNMENT IS TO IMPOSE A 15 PER CENT SURCHARGE ON ALL IMPORTS EXCEPT FOODSTUFF, BASIC RAW MATERIALS, AND UNMANUFACTURED TOBACCO, AS MEANS OF IMPROVING THE COUNTRY'S INTERNATIONAL BALANCE OF PAYMENTS.

  • Description

    BRITAIN'S NEW LABOUR GOVERNMENT IS TO IMPOSE A 15 PER CENT SURCHARGE ON ALL IMPORTS EXCEPT FOODSTUFF, BASIC RAW MATERIALS, AND UNMANUFACTURED TOBACCO, AS MEANS OF IMPROVING THE COUNTRY'S INTERNATIONAL BALANCE OF PAYMENTS. THE SURCHARGE, WHICH OPERATES FROM TOMORROW, WAS ANNOUNCED AT A PRESS CONFERENCE TODAY (MONDAY) AT CHURCH HOUSE, IN LONDON'S WESTMINSTER, BY THE NEW MINISTRY OF ECONOMIC AFFAIRS, MR. GEORGE BROWN. THE NEW CHANCELLOR OF THE EXCHEQUER, MR. JAMES CALLAGHAN, ALSO SPOKE AT THE PRESS CONFERENCE.

    THE OTHER MEASURES INCLUDE AID TO EXPORTERS BY A REBATE ON SOME INDIRECT TAXATION WHICH COMES INTO THE COST OF PRODUCING GOODS FOR EXPORT. IN ADDITION, THE GOVERNMENT PROPOSES TO CREATE A COMMONWEALTH EXPORTS COUNCIL AND A PRICE REVIEW ORGANISATION. IT WANTS TO HELP SMALL FIRMS PLAY A LARGER PART IN EXPORTING AND TO CONSULT BOTH SIDES OF INDUSTRY ON WAYS OF INCREASING PRODUCTION.

    THE GOVERNMENT PROPOSES TO CARRY OUT A STRICT REVIEW OF ALL ITS SPENDING. IT'S STATEMENT SAID THAT FRANCE, WHICH IS DEVELOPING THE SUPERSONIC CONCORDE AIRLINER JOINTLY WITH BRITAIN, HAS ALREADY BEEN TOLD OF BRITAIN'S WISH TO URGENTLY RE-EXAMINE THE PROJECT.

    COMMENTING ON THE ECONOMIC MEASURES, MR. BROWN SAID:
    MR. JAMES CALLAGHAN ALSO COMMENTED:
    (TODAY'S GOVERNMENT STATEMENT FOLLOWED AN INTENSIVE SURVEY OF THE ECONOMIC SITUATION SINCE MR. HAROLD WILSON'S LABOUR GOVERNMENT TOOK OVER FROM THE CONSERVATIVE GOVERNMENT ABOUT 10 DAYS AGO. MR. WILSON WILL GO ON TELEVISION TONIGHT TO FURTHER EXPLAIN THE ECONOMIC PROPOSALS. THEY ARE EXPECTED TO BE INTRODUCED AT THE FIRST SESSION OF THE NEW PARLIAMENT.)

  • Tags

  • Data

    Film ID:
    VLVA594YQ27QIUCQGRKWX1LV7AWKQ
    Media URN:
    VLVA594YQ27QIUCQGRKWX1LV7AWKQ
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    26/10/1964
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:03:32:00
    Time in/Out:
    /
    Canister:
    N/A

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