§ Mr. Parryasked the Chancellor of the Exchequer if he will estimate the effect of his policies on the present level of unemployment.
§ Mr. HayhoeThe current level of unemployment is a consequence of many factors, notably a decade of high inflation, the sluggish adjustment of wage awards to now much lower inflation, and depressed overseas markets. This Government's policies are creating the conditions for a lasting increase in output and employment through the reduction of inflation and the encouragement of enterprise and efficiency.