§ Mr. Hordernasked the Chancellor of the Exchequer what would be the share of gross domestic product taken up by public expenditure in 1984 if the gross domestic product and public expenditure continue to rise relative to each other, and at the same growth rate, as they did between 1972 to 1975.
§ Mr. Joel BarnettSuch a calculation would have no significance because the period has many unusual features. The Government will ensure that the ratio of public expenditure to GDP will be substantially reduced in the second half of the current decade.