Gross Domestic Product

Part of Oral Answers to Questions — National Finance – in the House of Commons am 12:00 am ar 18 Ebrill 1991.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of John Maples John Maples The Economic Secretary to the Treasury 12:00, 18 Ebrill 1991

I said in answer to the right hon. Member for Salford, East (Mr. Orme) that we inherited an enormous problem. What happened in the first two years of this Government can be laid at the door of five years of socialist mismanagement. In the 1980s, the British economy grew faster than the German, French or Italian economies, investment and manufacturing productivity grew faster and we were on top of a league which, during the 1960s and 1970s, we were bottom. What is the difference? In the 1960s and 1970s we had Labour Governments.