HC Deb 03 December 1968 vol 774 c416W
Mr. John Page

asked the Chancellor of the Exchequer what estimate he has made of the fall in employment likely to result from each £1 million decrease in consumption.

Mr. Roy Jenkins

The size of the fall would depend on a number of factors, including the composition of the decrease in personal consumptions, and the extent to which resources released were reabsorbed elsewhere, for example, in export production.