T HE 'statement on the serious economic position of this country,
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made recently -to Parliament by the Chancellor of the Exchequer, Sir Stafford Cripps,, is an unintentional but damning indictment of the policy of the Labour Government eV6r it took office. We must express some , sympathy with Sir Stafford at the manner in'which he 'has been forced, by the pressure of circumstances, to disillusion so many of his Socialist confreres. Many of them appear to have thought that they were living in reasonable security, with little else to do except to approve and pass ideological legislation without, seemingly, any consideration of its immediate and ultimate effects upon our general economy.
Perhaps realizing that its life might be short, the Government has instituted in a few years a mass of Socialistic measures, many highly complex and approved without the mature study which they should have received. It has, in this way, almost fully occupied the Parliamentary time available, and even kept Members of all Parties working under such great pressure that they have been able to pay little attention to certain of our. internal and international problems which were of vastly greater importance. These have forced themselves to the forefront at a time when our national recovery should have been well in sight of accomplishment.