§ Mr. Austin Mitchell
asked the Chancellor of the Exchequer whether he will publish in the Official Report a table showing, on the basis of the Treasury economic model, what the level of prices, output and employment would have been in 1978 and each quarter of 1979 if the exchange rate had been held at $1.71 and the money supply had been allowed to reflect in full the movement of money across the foreign exchanges.
§ Mr Lawson
No. For the reasons given in my hon. Friend's reply to the hon. Member for Newham, North-East (Mr. Leighton)—[Vol. 973, c. 622–23]—I am unwilling to commit my Department's resources to this work. The hon. Member may, however, wish to pursue his inquiry via his access to the Treasury model in the Library of the House.