§ Mr. HowardTo ask the Chancellor of the Exchequer what representations he has received concerning the effect on individual sectors of the UK economy of the terrorist attacks on the US. [7704]
§ Ruth KellyThe Government monitor all sectors of the UK economy as a part of their commitment to effective economic surveillance and management. We will present to Parliament our second annual forecast for the UK economy in the forthcoming pre-Budget report. The Government continue to receive a wide variety of representations from individuals, business and organisations in all sectors of the economy.
§ Mr. HowardTo ask the Chancellor of the Exchequer (1) if Treasury officials are planning to revise UK GDP growth projections downwards to 1.5 per cent. this year; [7946]
(2) what assessment he has made of the consequences for the public finances of the changing economic outlook. [7947]
§ Mr. RedwoodTo ask the Chancellor of the Exchequer (1) if he will make an assessment of the reduction in tax revenues that would result from a 1 per cent. reduction in GDP growth between now and October 2002; [7645]
(2) if he will make an assessment of the effect of a 1 per cent. reduction in economic growth in the next year on his forecast of net public sector borrowing in financial year 2002–03. [7650]
§ Mr. Andrew SmithThe Government's latest forecasts for the UK and world economies and the public finances were published in "Budget 2001" (HC 279). Updated forecasts will be presented as part of the forthcoming pre-Budget report.