§ 25. Mr. Greenwayasked the Chancellor of the Exchequer if he will give details of the growth in the ecomomy in the first 10 months of 1983; and how this compared with the same period in 1982.
§ Mr. LawsonOn the average measure, GDP grew by 2.75 per cent. between the first halves of 1982 and 1983.
§ Mr. Strangasked the Chancellor of the Exchequer what is his estimate of the level of growth of the British economy over the next five years.
§ Mr. LawsonNext year, like this year, I expect growth of up to 3 per cent. Thereafter, continuing good performance will depend on maintaining firm control of Government spending and borrowing to enable us to bring down interest rates, taxes, and inflation.