Equity Prices

HC Deb 27 March 2003 vol 402 cc337-8W

Mr. Flight

To ask the Chancellor of the Exchequer what assumptions were used in forming the assumption in paragraph 2.44 of the pre-Budget Report 2002, that equity prices will rise in line with money GDP. [105320]

Ruth Kelly

I refer the hon. Member to paragraph 11 of the Comptroller and Auditor General's report "Audit of Assumptions for the Pre-Budget 2000 Report" (HC 959, Session 1999–2000).