§ 109. Mr. Higginsasked the Chancellor of the Exchequer what he now estimates the growth in United Kingdom economic 239W output and capacity will be between December, 1966, and December, 1967; and what are his corresponding estimates for the average between 1966 and 1967.
§ Mr. CallaghanI have no reason to depart from the estimate in "Economic Report on 1966" and in my Budget statement that the growth in productive capacity during 1967 is likely to be around 3 per cent. As to the prospective growth of output during 1967, and between the years 1966 and 1967, I would refer the hon. Gentleman to my speech in the economic debate on 24th July and to my reply to the hon. Member for Oswestry (Mr. Biffen) on 13th June.—[Vol. 751, c. 92; Vol. 748, c. 287–8.]