HC Deb 15 October 1976 vol 917 c239W
Mr. Hayhoe

asked the Secretary of State for Employment what estimate he has made of the effect on employment of the increase to 15 per cent. in the MLR.

Mr. Golding

It is not possible to make any estimate of the effect on employment. Clearly this will depend on the length of time for which it is necessary to retain the present MLR. If, as is hoped, this is for a relatively short period, it should have little effect on investment or employment.