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Economic Growth

Volume 131: debated on Thursday 14 April 1988

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25.

To ask the Chancellor of the Exchequer what has been the average rate of growth in the British economy (a) for the last five years and (b) for the period 1974 to 1979.

Over the last five years the average annual rate of growth has been 3ยท3 per cent., considerably above the 2 per cent. average from 1974 to 1979.

67.

To ask the Chancellor of the Exchequer what was the last year before 1987 when real growth in the economy exceeded the rate of inflation.

81.

To ask the Chancellor of the Exchequer what was the last year before 1987 when real growth in the economy exceeded the rate of inflation.

The last year, prior to 1987, in which output growth exceeded inflation was 1964.

72.

To ask the Chancellor of the Exchequer for how many years the rate of economic growth in the United Kingdom has averaged 3 per cent. or more.

I refer my hon. Friend to the answer the Economic Secretary gave earlier today to my hon. Friend the Member for Gedling (Mr. Mitchell).