1987-1990 - Mr Major’s Comments on the Autumn Statement
Below is the text of Mr Major's comments following the Autumn Statement, made on 15th November 1989.
[Mr Major was asked if he had left the brakes off public expenditure in today’s Autumn Statement]
CHANCELLOR OF THE EXCHEQUER:
I haven't, if you actually look at the levels of public spending, we've announced a cash increase in public spending as measured by general Government Expenditure of £5.5 billion.
If you look at the crucial measure, which is the percentage of national income spent in public expenditure, you will find that the totals we've announced are precisely and absolutely those which we foreshadowed in the Autumn Statement last year.