Wales (Economy and Employment)

Part of Orders of the Day — Supply – in the House of Commons at 4:35 pm on 6th May 1982.

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Photo of Mr Nicholas Edwards Mr Nicholas Edwards , Pembroke 4:35 pm, 6th May 1982

—Mr. Sam Brittan commented that, allowing for distortions and special influences, inflation is already in single figures. It is encouraging that interest rates have so far stood up so well to the Falklands crisis. The evidence is that output is gradually rising. If that is so, we are doing better than the OECD, which has just reduced its 1982 gross forecast for the whole area to zero.

There has been a substantial upturn in house building. [Interruption.] I note that that is a matter for ridicule among Opposition Members. I should have thought that it would have been welcomed. Opposition Members called for an upturn in house building and a recovery in the construction industry all last year. I should have thought that they would have welcomed the fact that in the first three months of this year house building in Wales is 48 per cent. up on the same period last year.