§ Mr. Austin Mitchellasked the Chancellor of the Exchequer whether he will abstract from his computer simulation on real wages and employment a table showing for each year the effect of the reduction in real wages on profits generally and by subdivision; if he will provide whatever information is available from the simulation concerning the use made of any increase in profitability generally and by subdivision, including, in particular, manufacturing investment and overseas investment; and if he will publish in the Official Report the assumptions used in obtaining these results, in non-algebraic terms.
§ Mr. Peter ReesInformation on profits and investment is shown in the following table. The assumptions, detailed in the footnotes, are the same as for the results shown in table A, Annex B of the recent paper by Treasury officials entitled "The Relationship between Employment and Wages."
Similar information for elections prior to 1979 is not available.