§ Mr. Norman Lamontasked the Chancellor of the Exchequer (1) how he estimates the introduction of statutory control of prices and incomes will affect growth of consumer spending in 1972–73;
(2) how he estimates the introduction of statutory control of prices and incomes will affect growth of total demand in 1972–73.
§ Mr. NottAny reduction in the growth of consumer spending resulting from the standstill will be offset by the extra spending resulting from the special lump sum payment to pensioners. Other components of demand would not be significantly affected by the measures during the period in question.