§ Mr. Hordernasked the Chancellor of the Exchequer if he will now give an estimate of the public sector borrowing requirement following his statement on the pay policy discussion of 5th May; and how the public sector borrowing requirement compares with the estimates given recently to the International Monetary Fund.
§ Mr. Joel BarnettI see no reason for any significant change in the PSBR forecast for 1976–77 given in the Financial Statement and Budget Report. This forecast is within the estimate indicated to the International Monetary Fund last December.