§ Mr. Gouldasked the Chancellor of the Exchequer (1) what increase in the money supply would be required during 1976 to reflect (a) growth in the GNP and (b) the rate of price inflation; and how this compares with the target increase of 12 per cent.;
(2) what effect on the level of economic activity the successful achievement of the target increase of 12 per cent. in the money supply will have, given that the rate of price inflation is greater than 12 per cent.
(3) what is the current rate of increase in the money supply.
§ Mr. Denzil DaviesI will let my hon. Friend have a reply as soon as possible.