§ Mr. Austin Mitchellasked the Chancellor of the Exchequer whether he will publish in the Official Report the significant changes in command to the Treasury model used in his simulation of the relationship between real wages and employment.
§ Mr. Peter ReesThe version of the model which was used to produce these simulations is described in annex B of the recent paper by Treasury officials entitled "The Relationship between Employment and Wages". Apart from the wages sector, the model has been used without adjustment.