The Rt. Hon. Sir John Major KG CH

Prime Minister of Great Britain and Northern Ireland 1990-1997

Chief Secretary (1987-1989)

Mr Major’s Written Parliamentary Answer on Employment – 14 December 1987

Below is the text of Mr Major’s written Parliamentary Answer on Employment on 14th December 1987.

Mr. Adley To ask the Chancellor of the Exchequer what estimate he has made of the effect of the recent fall of share prices on the level of employment; and if he will make a statement.

Mr. Major The forecast published in the Autumn Statement took account of the fall in world stock markets. While this inevitably made the prospect more uncertain, growth of 2.5 per cent. (3 per cent. for the non-oil economy) was forecast, holding out the prospect of further falls in unemployment.