asked the Chancellor of the Exchequer whether the medium-term economic forecasts required in the second stage of EEC economic and monetary union would involve the forecasting of Government revenue as well as expenditure.

The nature of the medium-term economic forecasts referred to in Article 4 of the draft EEC directive concerning stability, growth and full employment has not yet been decided; nor has the article yet been formally adopted. The draft article makes no reference to forecasts of Government revenue and expenditure.