§ Mr. Austin Mitchell
asked the Chancellor of the Exchequer whether he will abstract from his computer simulation on real wages and employment a table showing for each year the effect of the reduction in real wages on profits generally and by subdivision; if he will provide whatever information is available from the simulation concerning the use made of any increase in profitability generally and by subdivision, including, in particular, manufacturing investment and overseas investment; and if he will publish in the Official Report the assumptions used in obtaining these results, in non-algebraic terms.
§ Mr. Peter Rees
Information on profits and investment is shown in the following table. The assumptions, detailed in the footnotes, are the same as for the results shown in table A, Annex B of the recent paper by Treasury officials entitled "The Relationship between Employment and Wages."
Similar information for elections prior to 1979 is not available.