HC Deb 13 May 1982 vol 23 c316W
Mr. Newens

asked the Chancellor of the Exchequer what has been the percentage decrease in total output since May 1979; and what has been the percentage increase in average total output in all other Organisation for Economic Co-operation and Development countries since May 1970.

Mr. Brittan

Between the first half of 1979 and the second half of last year United Kingdom GDP is estimated to have declined by 3¾ per cent. The OECD Secretariat estimates that over the same period total GDP in the rest of the OECD rose by 3½ per cent.