HC Deb 11 July 1977 vol 935 cc21-2W
Mr. Sillars

asked the Chancellor of the Exchequer if he has made any further alteration to his previous target of 3 per cent unemployment by the end of 1979; and what progress has been made towards his objectives.

Mr. Joel Barnett

As my right hon. Friend emphasised in his Budget State- ment, it remains the Government's overall economic objective to achieve the fastest possible return to a high and sustainable level of output and employment. But the extent to which we can fulfil that aim within any given timescale depends not only on securing improvements in our own industrial performance but also on developments in the wider world economy.