Below is the text of Mr Major’s written Parliamentary Answer on Supply-Side Measures on 30th June 1989.
Mr. Leighton To ask the Chancellor of the Exchequer what have been the Government’s main supply-side measures over the last 10 years; and what have been their practical results.
Mr. Major The Government have undertaken a very wide range of measures over the past decade which have contributed to freer and more flexible markets and have improved the competitiveness of the economy. These include the privatisation programme, deregulation, liberalisation of financial markets, tax reform, improved incentives, promotion of enterprise and reforms in housing, education, and industrial relations. The cumulative result has been a positive transformation in our economic performance and prospects, with buoyant investment, profitability, and output and employment growth.