Mr Major’s Written Parliamentary Answer on Economic Forecasts – 10 March 1988

Below is the text of Mr Major’s written Parliamentary Answer on Economic Forecasts on 10th March 1988.

Mr. Tim Smith To ask the Chancellor of the Exchequer what assessment he makes of the accuracy of his own and other economic forecasts.

Mr. Major Treasury forecasts always include an analysis of errors on past Forecasts. The accuracy of Treasury forecasts compares favourably with other economic forecasts.