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Public Sector Borrowing Requirement (Unemployment Benefit Element)

Volume 981: debated on Tuesday 18 March 1980

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asked the Chancellor of the Exchequer if he will express the total annual amount of unemployment benefit as a percentage of the public sector borrowing requirement.

[pursuant to his reply, 14 March 1980]: No. There is no fixed relationships between the two figures. If the hon. Member wishes to draw comparisons of his own he will find information on the public sector borrowing requirement in Table 2.3 of "Financial Statistics" and on expenditure on unemployment benefit in the accounts of the National Insurance Fund.