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Greater London Authority Bill

Earlier, my hon. Friend mentioned the economic impact of immigration. He might be interested in the evidence presented to the Work and Pensions Committee yesterday by Professor Paul Gregg, an economic adviser to the Chancellor, who said that the impact of immigration on housing was not yet clear. Apparently, one of the challenges arising from the expanding work force is that the economy will have to grow at around 3 per cent. if we to be able to continue to provide those employment opportunities. That in turn will arouse severe inflationary pressures that the Bank of England will have to consider—