§ Mr. Jessel
asked the Secretary of State for Employment how he estimates employment in the United Kingdom is likely to be affected by recent current 451W and forecast changes in international oil prices.
§ Mr. Jim Lester
We are better placed to cope with increased oil prices than most other industrialised countries, but any slowdown in the world economy must affect the prospects for United Kingdom exports and, therefore, United Kingdom output and employment. It is not, however, practicable to quantify the effect on employment.