§ 14. Mr. Joseph Deanasked the Chancellor of the Exchequer what has been the increase or decrease in the level of total output in France, Germany, the United States of America and the United Kingdom since May 1979.
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§ Mr. BrittanBetween the first half of 1979 and the first quarter of 1982 United Kingdom GDP—at constant market prices—is estimated to have declined by 3¼ per cent. Over the same period GNP in the United States rose by around ½per cent. and in Germany by some 2½ per cent. For France figures are not yet available for the first quarter of 1982; between the first half of 1979 and the fourth quarter of 1981 GDP had risen by 4¼ per cent. There is nothing new in these comparisons—growth in the United Kingdom has been consistently lower than these countries over the last two decades, as a result of self-inflicted damage.
§ 27. Mr. Cunliffeasked the Chancellor of the Exchequer what has been the increase or decrease in the level of total output in (a) the United Kingdom and (b) all other countries in the Organisation for Economic Co-operation and Development combined since May 1979.
§ Mr. BrittanBetween the first half of 1979 and the first quarter of 1982 United Kingdom GDP—at constant market prices—is estimated to have declined by 3¼ per cent. The OECD secretariat estimates that between the first half of 1979 and the second half of 1981, GDP in the rest of the OECD rose by about 3½ per cent.