§ 67. Sir C. Osborneasked the Chancellor of the Exchequer how much of the£500 million consumer expenditure which has occurred in excess of his policy he estimates was paid for by increased wages and salaries and from liquidating savings, respectively.
§ Mr. DiamondThese two factors have certainly contributed to the excess of consumers' expenditure over forecast, but the main explanation is that prices have risen more slowly than estimated.