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Economic Improvement

Volume 13: debated on Thursday 19 November 1981

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29.

asked the Chancellor of the Exchequer when he now expects to see a substantial improvement in the economy.

Preliminary estimates suggest a rise of ¼ per cent. in total output—GDP—in the third quarter. Manufacturing output has risen by some 1½ per cent. over recent months. Progress will largely depend on the extent to which we continue to improve competitiveness through more effective control of domestic costs.