HC Deb 03 December 1980 vol 995 cc114-5W
Mr. Austin Mitchell

asked the Chancellor of the Exchequer whether he will publish in the Official Report the evidence that the Government's policy of reducing the rate of inflation by raising the level of unemployment in the internationally tradeable goods industries is not simply a means of transferring real income from the productive to the non-productive sectors of the economy.

Mr. Biffen

The Government's objective is not to raise unemployment but to bring down the rate of inflation.