§ 7. Mr. Duffyasked the Chancellor of the Exchequer what estimate he has made of the effect of the coal dispute on his forecasts for investment and economic growth in 1974.
§ Mr. HealeyOfficial forecasts are not normally presented on the basis of including and excluding the effects of specific labour disputes or other identified economic disturbances. It is not my intention to change this practice. Official forecasts do, however, take full account of recent major developments in the economy, and this year's forecasts will be no exception. These forecasts are normally given only at Budget time, and I must ask my hon. Friend to wait till then for information.
§ Mr. DuffyIn that case, will the Chancellor not allow himself to be deceived by any illusion of buoyancy in the economy which the first flush of recovery from short-time working may generate? Will he take steps not to depress the pound unduly next Tuesday?
§ Mr. HealeyI must not allow myself to be tempted to make the comments I should like to make in answer to my hon. Friend. However, I assure him that I shall preserve a proper stance in that context.