§ 25. Mr. WinnickTo ask the Chancellor of the Exchequer what were the assumptions underlying his oral statement of 22 January 1992,Official Report, column 323, that there remain good grounds for believing that the recovery will become fairly established in the course of 1992.
§ Mr. LamontI spelt out the reasons underlying my statement of 22 January 1992 at the time—Official Report, column 323. The forces making for recovery are still in place. These include low inflation, reduced interest rates, rising real earnings, improved personal and corporate financial positions, higher consumer and business confidence, and renewed productivity growth. So I continue to believe that growth will become firmly established in the course of 1992.