§ Mr. AllenTo ask the Prime Minister what is her estimate of the number of jobs likely to be lost in the United Kingdom arising from the Single European Market of 1992; and what are the estimates available from the European Community.
§ The Prime MinisterThe European Commission's own estimates last year predicted that United Kingdom employment would rise by around 1.5 per cent. as a result of completing the single market. This country's success in creating new jobs will depend on how well and how quickly individual firms respond to the new challenges which will face them. Under this Government's policies of enterprise, deregulation and incentive, there has been sustained economic growth and record business investment. British industry is thus well placed to take advantage of the opportunities which the single market will offer.