HC Deb 14 July 1971 vol 821 c116W
Mr. Deakins

asked the Chancellor of the Exchequer why it has not been the practice to forecast the growth of the gross national product for more than one year ahead, in view of the fact that European Economic Community countries are able to forecast such growth for at least four years ahead ; and if he will review the practice.

Mr. Higgins

As I understand it, the guideline figures published by the E.E.C. are not forecasts but are in the nature of targets or planning assumptions.