HC Deb 21 July 1994 vol 247 c437W
Mr. Austin Mitchell

To ask the Chancellor of the Exchequer what assessment he has made of the level of under-utilisation of the nation's wealth-creating capacity of the costs of this under-utilisation.

Mr. Nelson

The Government's latest assessment of the degree of spare capacity is set out in paragraphs 1.58 and 1.59 of the "Summer Economic Forecast 1994", published on 28 June. The summer forecast also predicted that real GDP growth of 2¾ per cent. this year would continue at the same rate next year, accompanied by low inflation.