Volue of exports May-July Dec. 1961 -1 figures for the months
1961 Feb. 1962 ) shown, “mp loyment July 1961 Jan, 1962 -4 Unomployment(wholly July 10 1961 Mar 12, 1962 up 67 The normal seasonal unemployed, exclud— s change accounts for ing school leavors) more than half of this
increase Unfilled vacancies July 5 1961 Ifar, 7 1962 - 45 The normal seasonal
change accounts for
less than half of this
decrease. Gentral Government 2nd Quarter 3rd Quayter up 24 Total current expendiexpenditure 1961 1961 ture, including National
Insurance benefits and
other transfer payments. Industrial July, 1961 Jan. 1962 - 44 Seasonally adjusted. Production Some indication of changes in dividends can be deduced from the accounts of public companies. Those companies which published their accounts in the period January to July, 1961, showed incroases of about 123 per cent in ordinary dividonds, compared with the previous year, but for dividends declared between august and December, 1961, the increase was less than 5 per cent. (our emphasis)
anyone who doubts the class nature of the measures introduced by the Tories last year should study these figures. Unemployment up 67% (or over 30% taking into account seasonal factors), vacancics down 45%, industrial production down by 4h, the effect on dividends? merely to lower the rato of increase over the ye year from 123% to 5% (compare this with the 18% increase in wago rates)e