National has ' blown it,' says Mr Tizard
PA Wellington! 1 The Government had < “blown it.” the Deputy Leader i of the Opposition and its I spokesman on finance (Mr 1 Tizard) said of June’s overseas exchange deficit of I S6SM. i “If the Government’s I measures to date cannot put i us into overseas balance when we have record export earnings, then they have. Tailed.” Mr Tizard said. “Our export receipts fori; the June year are up by one-;, third, but import payments'
'for the month of June are at the highest ever level. The contrast is stark. Export receipts are booming thanks to Labour’s keeping the economy moving.” National had failed to control imports. With all its measures aimed straight at the wage and salary earner, imports were rising, he said. “The reason is not hard to find. There is too much 1 monev around, and it is going Ito where the profits are. At the moment the best profits [are in imports.” Mr Tizard I said.
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Press, 27 July 1976, Page 6
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168National has 'blown it,' says Mr Tizard Press, 27 July 1976, Page 6
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