International Monetary Fund

Part of Oral Answers to Questions — Oral Answers to Questions – in the House of Commons at 12:00 am on 5th December 1977.

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Photo of Mr Laurie Pavitt Mr Laurie Pavitt , Brent South 12:00 am, 5th December 1977

Will my right hon. Friend, when meeting the Managing Director of the IMF, make clear the difference between wages and the social wage, and the way in which this country is affected by public expenditure concerning the disabled, the elderly, the education of children and the health of our people? Will he ensure that, in the Fund's consideration of public expenditure and borrowing, it is aware that not only the pay packet but also the social wage is an essential element in any negotiation for finance in this country?