§ 34. Mr. Wigleyasked the Chancellor of the Exchequer what is his estimate of the average additional public sector borrowing requirement arising out of every 100,000 additional persons who become unemployed.
§ Mr. BiffenThe additional public sector borrowing arising out of every 100,000 additional persons who become unemployed depends on the reasons for the increase in unemployment, and the subsequent development of the economy. I regret therefore that it is not possible to provide an accurate estimate
§ 40. Mr. Hicksasked the Chancellor of the Exchequer what is the latest estimate for the level of the public sector borrowing requirement for the current financial year; and if he will make a statement.
§ Mr. BiffenI refer my hon. Friend to the statement my right hon. and learned Friend the Chancellor of the Exchequer made to the House on 24 November in which he said that PSBR for 1980–81 could be around £11½ billion.