HC Deb 15 December 1976 vol 922 c1525

3.30 p.m.

The Chancellor of the Exchequer (Mr. Denis Healey)

With permission, Mr. Speaker, I shall make a statement about the future measures which the Government are taking to promote the nation's economic recovery and to achieve the fastest possible return to a high and sustainable level of employment.

In order to avoid excessive strains next year, when the economy will still be operating well below capacity, the measure will cover the next two years. They will form part of a medium-term programme for national recovery to ensure that the 1980s offer us the prospect of an economy fully restored to balance, with high levels of output, employment and real wages and an industry which is vigorous, expanding and profitable. Further elements in this programme for national recovery will be contained in my next Budget and in the next phase of the industrial strategy.