Macmillan was pushing for a full-on incomes policy, led by the NEDC, in the hope that his growth policy would not lead to inflation. He addressed the Cabinet about economic policy on 28 May 1962, stressing that he wanted Britain to achieve low unemployment, low inflation, high growth and a strong pound, and that this could best be achieved by an incomes policy to boost productivity. Lloyd was sceptical. The Liberals did very well at another by-election at West Derbyshire on 6 June.