§ Mr. Soamesasked the Chancellor of the Exchequer what steps he is taking to create a favourable climate for enterprise.
§ Mr. MacGregorThe prime objective of the Governments macro-economic policy is to lay a firm foundation for sustained economic growth, by reducing inflation and by pursuing micro economic policies designed to improve the operation of the supply side of the economy and to create an environment in which enterprise can flourish. Measures include privatisation and the removal of obstacles to the free functioning of markets, the reduction and simplification of taxes to reduce distortions and improve incentives and various measures to ease rigidities in the labour market.