§ 39. Mr. BATEYasked the Minister of Labour if he has formed any estimate of the probable effect of the recent rise in the Bank rate upon the figures of unemployment and the cost to the Unemployment Fund?
§ Sir A. STEEL-MAITLANDNo, Sir.
§ Mr. BATEYIn view of the large increase in the figures of unemployment, has the right hon. Gentleman taken into consideration the effect of the rise in the Bank rate?
§ Sir A. STEEL-MAITLANDNo, as far as the rise in the Bank rate is concerned, and the actual result, perhaps 1955 the hon. Member will put a question on some future occasion to my right hon. Friend. As regards this week's figures, they have nothing whatever to do with the rise in the Bank rate.
§ Mr. SHINWELLAs the right hon. Gentleman is responsible for analysing the causes of unemployment, can he say what are the possible effects of the rise in the Bank rate?
§ Mr. SPEAKERThe hon. Member has had a complete answer.
| INSURED PERSONS classified as belonging to certain industries recorded as Unemployed in Great Britain at 21st January, 1929. | ||||||
| Industry. | Males. | Females. | ||||
| Wholly Unemployed. | Temporarily Stopped. | Total. | Wholly Unemployed. | Temporarily Stopped. | Total. | |
| General Engineering | 41,400 | 19,119 | 60,519 | 1,305 | 548 | 1,853 |
| Engineers' Iron and Steel Founding | ||||||
| Electrical Engineering | 2,854 | 569 | 3,423 | 660 | 155 | 815 |
| Marine Engineering | 6,004 | 820 | 6,824 | 25 | — | 25 |
| Constructional Engineering | 2,533 | 781 | 3,314 | 34 | 3 | 37 |
| Construction and repair of motor vehicles, cycles and aircraft. | 12,113 | 2,652 | 14,765 | 969 | 202 | 1,171 |
| Cotton | 11,629 | 9,294 | 20,923 | 19,774 | 21,920 | 41,694 |
| Woollen and Worsted | 6,772 | 8,945 | 15,717 | 5,777 | 15,008 | 20,785 |