HC Deb 26 March 1981 vol 1 c385W
20. Mr. Meacher

asked the Chancellor of the Exchequer to what extent the Budget will have a deflationary impact; and if he will quantify it.

Sir Geoffrey Howe

The action taken in the Budget to control public sector borrowing and redress the imbalances in the economy provides the only way of sustaining the downward pressure on inflation and ensuring better job prospects in the longer term.