§ 8. Mr. D. Price
asked the Chancellor of the Exchequer whether he will consider adopting as an additional tool of economic analysis the flow of funds system which has been recently introduced into the United States of America by the Federal Reserve Board, and details of which have been sent to him.
§ Mr. R. A. Butler
My hon. Friend is no doubt aware that some features of this method of analysis are already in the National Income Blue Book, 1955—e.g. Tables 26, 27, 34, 38, 41, 45—and the Economic Survey, 1955—e.g. Table 21. I will consider whether further progress can be made in this direction.
§ Mr. Price
Will my right hon. Friend bear in mind the advantages to him in managing the monetary credit policy of the country if he is able to have the more detailed information on the flow of credit and funds between various sectors of the economy that exists in this flow of funds system of accounting?
§ Mr. Butler
Yes, Sir. That is precisely why I said that we will consider whether further progress can be made in this direction.