§ Mr. StrawTo ask the Chancellor of the Exchequer what estimates he has made of the effect on levels of employment and prices and on the balance of payments of(a) an additional £2 billion of local authority revenue expenditure financed by (i) local taxation and (ii) additional revenue support grant and (b) an additional £2 billion of local authority capital expenditure financed by (1) the use of set aside capital receipts and (2) borrowing.
§ Mr. PortilloThe effects on levels of employment, prices and on the balance of payments of the measures mentioned would depend on a number of assumptions about economic behaviour at both local and national level, as well as the precise details of these measures.