§ Mr. Deakinsasked the Chancellor of the Exchequer what is the Government's target for the level of public borrowing as a proportion of gross domestic product.
§ Mr. Peter ReesThe Government's policies are directed towards a progressive reduction in public borrowing over the medium term. The Chancellor's autumn statement gave a forecast of £8½ billion for the PSBR in 1984–85, equivalent to 2.5 per cent. of gross domestic product. Illustrative figures for later years are set out in the medium-term financial strategy, published in the 1984–85 Financial Statement and Budget Report, and these will be reviewed at Budget time.