Public Expenditure (Hansard, 23 November 1995)

HC Deb 23 November 1995 vol 267 c272W 272W

§ Mrs. Lait
To ask the Chancellor of the Exchequer what priority he gives to cutting public spending as a proportion of GDP. [701]

§ Mr. Waldegrave
It is a central part of the Government's economic strategy to reduce public spending as a share of national output below 40 per cent. This is essential to enable the private sector to generate the jobs, investment and wealth that make our economy prosperous and competitive in world markets.