§ 23. Mr. Arnold
asked the Secretary of State for Employment to what extent he takes into account considerations of demand management in defining any given level of unemployment.
§ Mr. John Fraser
Questions about demand management are for my right hon. Friend the Chancellor of the Exchequer. In the long run, however, the three objectives of economic policy—namely full employment, price stability and a sound balance of payments position—are interdependent and none can be successfully pursued in isolation from the others.