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Volume 124: debated on Monday 14 December 1987

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To ask the Chancellor of the Exchequer what estimate he has made of the effect of the recent fall of share prices on the level of employment; and if he will make a statement.

The forecast published in the Autumn Statement took account of the fall in world stock markets. While this inevitably made the prospect more uncertain, growth of 2½ per cent. (3 per cent. for the non-oil economy) was forecast, holding out the prospect of further falls in unemployment.