§ Mr. David Price
asked the First Secretary of State and Secretary of State for Economic Affairs what were the increases in national output in real terms for each year from 1961 to 1965; how these increases compared with those in the National Economic Development Council's plan of 1963, No. 70/837, and with those in the National Plan, Command Paper No. 2764; what, in the light of the Government's deflationary policy, are the revised targets for the years 1966 to 1970; and how these figures compare with those laid down in the National Plan.
§ Mr. Albu
The figures are as follows:
per cent. 1961 to 1962 1.2 1962 to 1963 3.3 1963 to 1964 5.8 1964 to 1965 2.3
An average of 4 per cent. a year was shown in the report of the National Economic Development Council in February, 1963 for the growth in national output in the years from 1961 to 1966.
The average annual growth in national output for the period 1964 to 1970 shown in the National Plan Command Paper No. 2764 is 3.8 per cent. a year.
There are, at present, no revised targets to 1970.