HC Deb 19 November 1981 vol 13 cc186-7W
14. Mr. Dormand

asked the Chancellor of the Exchequer if he is satisfied with the progress of the economy.

Sir Geoffrey Howe

Preliminary estimates suggest a rise of ¼ per cent. in total output (GDP) in the third quarter. Inflation has been reduced to 11.7 per cent. Pay settlements are now lower and productivity rising. Competitiveness has improved by some 10 per cent. this year. Continued progress depends on the maintenance of a responsible attitude to the reduction of unit labour costs.

21. Mr. Guy Barnett

asked the Chancellor of the Exchequer if he is satisfied with the progress of his economic policies.

Sir Geoffrey Howe

The foundations for sustainable recovery are being established.