Recession (Economic Indications)

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 15th July 1982.

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Photo of Mr Richard Wainwright Mr Richard Wainwright , Colne Valley 12:00 am, 15th July 1982

Is the Chancellor aware that his own central statistical office states that the figures to May are incomplete until we have the June figures, partly because of this year's exceptional incidence of the spring bank holiday and, secondly, because of the frenzied industrial activity due to the Falklands crisis?

With regard to the ending of the recession, what is the Chancellor's reaction to the recent surge in imports due to the sabotaging of the home industrial sector?