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Pre-Budget Report

The Chancellor of the Exchequer says on page 191 of his pre-Budget report that the contingent liabilities will be disclosed. Does he accept that his figure on page 198, which has already been referred to, is actually £1,258 billion, if one includes the Maastricht arrangements, and that if we add the contingent liabilities, we arrive, at a conservative estimate, at a figure of £2,400 billion? That would mean 120 per cent. of national income, not the figure of 57 per cent. to which he has referred.