HC Deb 23 November 1995 vol 267 c272W
Mrs. Lait

To ask the Chancellor of the Exchequer what priority he gives to cutting public spending as a proportion of GDP. [701]

Mr. Waldegrave

It is a central part of the Government's economic strategy to reduce public spending as a share of national output below 40 per cent. This is essential to enable the private sector to generate the jobs, investment and wealth that make our economy prosperous and competitive in world markets.

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