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Public Sector Borrowing Requirement

Volume 979: debated on Tuesday 19 February 1980

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asked the Chancellor of the Exchequer whether his Department has used the Treasury model to estimate what the public sector borrowing requirement would be at a higher rate of growth or a reduced level of unemployment.

Simulations of a variety of changes are carried out on the Treasury model. Many of these involve higher output and lower unemployment. The results are not necessarily of general applicability and cannot be made available to the House.