HC Deb 06 December 1979 vol 975 c290W
45. Mr Bruce-Gardyne

asked the Chancellor of the Exchequer what would be the money public sector borrowing requirement as a constant percentage of gross domestic product in 1980–81 on the basis of the assumptions regarding gross domestic product and the price deflator incorporated into the Treasury's latest short-term forecast.

Mr. Biffen

Because of the many uncertainties about economic developments and the decisions still to be made about policies, I do not wish to go beyond the statement in the Industry Act forecast that the prospect for the PSBR in 1980–81 is for little change from the 1979–80 level as a percentage of GDP.