§ 85. Mr. Soames
To ask the Chancellor of the Exchequer how much general Government expenditure as a percentage of gross domestic product has fallen since 1982–83.
§ Mr. Major
Our policy of reducing public spending as a proportion of GDP over the medium term, which does not imply particular targets for individual years, will enable a low level of borrowing to be combined with reductions in the burden of taxation, thus encouraging enterprise and efficiency and the growth of output and employment.