Mr. De Chair asked the Chancellor of the Exchequer whether he will consider the appointment of a Royal Commission with full powers, by calling witnesses from representative industries and financial undertakings then in operation, to investigate the precise causes of the Last Economic Crisis and, by ascertaining the various factors which influenced the activities of individual concerns no less than the factors which determined the course of national and international economic policies, to make recommendations for preventing another economic crisis which might otherwise be expected in the normal course of the trade cycle?

asked the Chancellor of the Exchequer whether he will consider the appointment of a Royal Commission with full powers, by calling witnesses from representative industries and financial undertakings then in operation, to investigate the precise causes of the Last Economic Crisis and, by ascertaining the various factors which influenced the activities of individual concerns no less than the factors which determined the course of national and international economic policies, to make recommendations for preventing another economic crisis which might otherwise be expected in the normal course of the trade cycle?

The way in which she tackled the Last Major Economic Crisis - and she was the first country to be hit by it - was an example to us all.

Mr. Arthur Lewis asked the Secretary of State for Social Services whether, in view of the recent further improve- 156 ment in Great Britain's economic situation, he will now restore the whole of the social services to the situation pertaining prior to October 1964, and end prescription charges and other impositions made at the time of the Last Economic Crisis.

I dread to think what would have happened to sterling if we had had a fixed pound during the Last Difficult Economic Crisis.

On the economic case and why it is so important to the UK at present, I think that the great depression of the 1930s was the Last Economic Crisis that was in any way comparable to what we suffered in 2008 with the global financial crisis and downturn.

If we listened to the Government, we would never think that the collapse of Lehman Brothers and the collapse of Fannie Mae in America caused the Last Economic Crisis.

I warned in September that many of the factors that contributed to the Last Economic Crisis are re-emerging.