§ 8. Mr. Biffenasked the Chancellor of the Exchequer what is the latest assessment he has made of corporate liquidity; and what proposals he now has to ease current monetary restrictions.
§ Mr. Roy JenkinsOn the whole, liquidity is significantly lower than in earlier years. I am keeping this and other aspects of the monetary situation under close review but I have no proposals to make at present.
§ Mr. BiffenIs the right hon. Gentleman aware that liquidity is not only considerably lower, to quote his own words, but for many sectors of business and commerce a matter of the most acute concern? Can he not take this afternoon as an opportunity, for example, to announce relaxation in hire-purchase restrictions?
§ Mr. JenkinsNo, Sir.