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Economic Progress

Volume 13: debated on Thursday 19 November 1981

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14.

asked the Chancellor of the Exchequer if he is satisfied with the progress of the economy.

Preliminary estimates suggest a rise of ¼ per cent. in total output (GDP) in the third quarter. Inflation has been reduced to 11·7 per cent. Pay settlements are now lower and productivity rising. Competitiveness has improved by some 10 per cent. this year. Continued progress depends on the maintenance of a responsible attitude to the reduction of unit labour costs.

21.

asked the Chancellor of the Exchequer if he is satisfied with the progress of his economic policies.