HC Deb 25 February 1971 vol 812 cc247-8W
Mr. Shore

asked the Chancellor of the Exchequer what is his estimate, taking account of past relationship and other relevant information, of the effects of a 1 per cent. increase in the United Kingdom's gross domestic product on the balance of payments.

Mr. Higgins

No meaningful estimate can be given as so much depends on the composition of demand leading to the increase in gross domestic product, the pressure of demand at the time and the time period concerned.