asked the Chancellor of the Exchequer whether he is satisfied with the current level of total output.

Many indicators point to an improved level of activity. During the second half of last year total output recovered by approaching 1 per cent. and manufacturing output by 2 per cent. despite industrial disputes and the very severe weather. Last year saw a dramatic fall in short-time working, higher overtime and more vacancies. Profitability, productivity and competitiveness all improved significantly during 1981.