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Tax Cuts And Public Expenditure

Volume 986: debated on Monday 16 June 1980

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asked the Chancellor of the Exchequer if he will estimate the consequences of, respectively, £1 billion in tax cuts and a £1 billion increase in public expenditure in terms of the effects on prices, employment, money supply, real personal disposable income, and the trade balance.

I am unable to give the hon. Member the information he requests, for the reasons given by my hon. and learned Friend the Minister of State in his reply of 14 November 1979 to the hon. Member for Newham, North-East (Mr. Leighton)—[Vol. 973, c. 622—23.]