§ Mr. Adleyasked the Chancellor of the Exchequer if he will estimate the likely level of economic growth in the next 12 months and next five years; and if he will make a statement.
§ Mr. Peter Rees[pursuant to his reply, 7 July 1983, c. 174]: GDP was forecast at Budget time to grow by 2.5 per cent. between the first half of 1983 and the first half of 1984. The projections illustrating the medium term financial strategy were based on the assumption that real output would continue to grow by an avarage 2.5 per cent. per annum up to 1985–86.