§ Mr. Austin Mitchell
To ask the Chancellor of the Exchequer what is the Government's definition of full employment; and what part a return to full employment plays in formulating its fiscal, monetary and exchange rate policies.
§ Mr. Nelson
The Government's economic policy aims to create the right conditions for a high and sustainable level of employment. This requires permanently low inflation, sound public finances and a continuing programme of reform designed to improve the efficiency of markets and strengthen the long-term supply performance of the economy.