Borrowing Requirement

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 6 November 1975.

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Photo of Mr Peter Walker Mr Peter Walker , Worcester 12:00, 6 November 1975

May I ask the Chancellor, first, whether the introduction of an incomes policy has reduced or increased the Government's borrowing requirement, as compared with his Budget deficits? Second, how is it that the recently published Government figures show that in the year following local government reorganisation the number of administrative staff declined by 2 per cent.?