HC Deb 02 July 1971 vol 820 c219W
Mr. Deakins

asked the Chancellor of the Exchequer what assessment he has made of hte impact of a higher level of defence spending in the United Kingdom than that obtaining in the European Economic Community countries, on the growth rate of the United Kingdom economy.

Mr. Higgins

The factors affecting the rate of economic growth in the United Kingdom and the European Community are varied and complex but I would not regard the differing shares of defence expenditure in gross national product as constituting a major reason for the differences in growth performance.