§ 39. Mr. Archie Hamiltonasked the Chancellor of the Exchequer what would be the value of a 1 per cent. Saving in planned expenditure on public sector wages for 1981–82.
§ Mr. BrittanOne per cent. of planned expenditure by central government and local authorities on wages and salaries in 1981–82 is £335 million. A 1 per cent. saving in the wage costs of the nationalised industries and other public corporation would provide roughly £170 million extra for investment.