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Public Expenditure

Volume 961: debated on Wednesday 24 January 1979

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asked the Chancellor of the Exchequer if the statement on Her Majesty's Treasury's 1972 publication "Public Expenditure White Papers: Handbook on Methodology" that the net effect of the retail price effect adjustment is to increase the growth rate of total public expenditure by some 0ยท6 per cent. per annum is still valid; and, if not, what the trend effect of the retail price effect is now reckoned to be.