§ 21. Mr. Marten
asked the Chancellor of the Exchequer if he will make a statement on the planned growth rate for 1974.
§ 26. Mr. Kinnock
asked the Chancellor of the Exchequer what is his latest estimate of the rate of economic growth for the current year.
§ Mr. Barber
The rate of growth of the economy is in line with the Budget forecast of an average of 5 per cent. per annum over the 18 months to the middle of 1974. As I made clear at the time of the Budget, it was intended that, during the latter part of that period, the rate of growth would be more in line with the growth of productive potential. That is now happening, and I expect this more moderate rate of growth to continue during 1974.183W