§ Mr. Nottasked the Chancellor of the Exchequer whether he will publish estimates of the effects of the expenditure cuts announced on 22nd July on employment and unemployment, indicating what proportion will fall on the private sector.
§ Mr. Denzil DaviesI estimate that the effect on unemployment of the expenditure cuts announced on 22nd July will be about 50,000 by early 1978. The effect on employment will be nearly 70,000, virtually all of which will fall on the private sector.