HC Deb 19 July 1971 vol 821 c1035

The House will recall that, in my Budget statement, I said that I expected that, between the first half of this year and the first half of 1972, output would increase by about 3 per cent. In the light of the review which has just been completed, and assuming no further policy changes, I would now expect the increase in output to be a little greater than 3 per cent. This latest forecast does not take account of the additional expenditure on infrastructure in the development and intermediate areas announced last week by my right hon. Friends the Secretaries of State for Scotland, Wales and the Environment.