§ 38. Mr. Douglasasked the Chancellor of the Exchequer what is the estimated effect of the measures announced by him on 2 December on gross domestic capital formation, both public and private.
§ Sir Geoffrey HoweThe recent Industry Act forecast for 1981 and 1982 took full account of the public expenditure and national insurance decisions announced on 2 December. It suggested little change from now on in the overall level of fiscal investment by general Government, but some recovery in the trading sectors.