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I hope that my hon. Friend will forgive me if I begin by saying how glad we all are to see the right hon. and learned Member for Monklands, East (Mr. Smith) fit and well and back in his place.
Since 1981, consumers expenditure has grown on average by 31½ per cent. a year in real terms, while exports have grown by 4 per cent. a year and investment by 5 per cent. a year.