§ Mr. Nottasked the Chancellor of the Exchequer by how much the growth of GDP between the second halves of 1976 and 1977 will be affected by the measures announced on 22nd July.
§ Mr. Denzil DaviesI estimate that the growth of GDP between the second halves of 1976 and 1977 will be reduced by between ½ per cent. and ¾ per cent. by the measures announced on 22nd July.
§ Mr. Nottasked the Chancellor of the Exchequer what percentage change in total employment and total unemployment, respectively, is implied by a 1 per cent. fall in GDP.
§ Mr. Denzil DaviesThe table below shows the cumulative percentage effects on employment of a 1 per cent. change in output in the three sectors of the economy distinguished by the Treasury's macro-economic model.