§ 28. Mr. Knoxasked the Chancellor of the Exchequer whether there have been any further signs that he economy is recovering from the recession.
§ 35. Mr. Campbell-Savoursasked the Chancellor of the Exchequer what recent evidence he has had of economic recovery.
§ Mr. Peter ReesIn the three months to May, the average level of the index of industrial production rose by 3 per cent. from the level of the previous three months to stand at a level 4½ per cent. higher than a year ago. In the second quarter of this year retail sales rose by 2 per cent, and were 4½ per cent. higher than a year ago. All the indications are that we are now entering the fifth year of increased economic activity — the longest period of continuous growth since the 1973 oil crisis.