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Unemployment Costs

Volume 83: debated on Thursday 25 July 1985

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44.

asked the Chancellor of the Exchequer what is the current annual cost to the Exchequer, taking into account lost taxes and benefits paid, of the present level of unemployment.

The current annual cost to the Exchequer of benefits to the unemployed is £6·23 billion. It is not possible to estimate the revenue forgone