§ Mr. Sillarsasked the Chancellor of the Exchequer how many years out of 795W the last 17 working people have been subject to Government-determined pay policy; and if he will show against each pay policy period the rates of unemployment at the start and end, the rate of
Unemployment (United Kingdom percentage unemployed seasonally adjusted) Growth (the growth rate has been measured as the increase in the GDP at factor cost in the quarter in which the policy commenced or ended, over the previous quarter) Investment (gross domestic fixed capital formation) (1970 prices) percentage quarter percentage year £m. Date on which policy commenced or ended— July 1961 … … … 1.3 1961 Q3 -1 1961 6,361 April 1962 … … … 2.0 1962 Q2 +1 1962 6,374 July 1966 … … … 1.3 1966 03 +1 1966 8,097 January 1967 … … … 1.9 1967 Q1 +½ February 1967 … … 2.7 1967 Q1 +1½ 1967 8,780 August 1967 … … … 2.5 1967 Q3 -½ November 1972 … … 3.5 1972 Q4 +2 1972 9,862 March 1973 … … … 2.9 1973 Q1 +3½ April 1973 … … … 2.8 1973 Q2 0 October 1973 … … … 2.3 1973 Q4 -½ 1973 10,283 November 1973 … … 2.2 1973 Q4 -½ July 1974 … … … 2.5 1974 Q3 +1 1974 10,124