HC Deb 11 November 1976 vol 919 cc245-6W
45. Mr. Richard Wainwright

asked the Chancellor of the Exchequer if he will make a statement about the growth of the money supply over the next 12 months.

Mr. Robert Sheldon

I have nothing to add to my right hon. Friend's earlier statements.

46. Mr. Watkinson

asked the Chancellor of the Exchequer if he remains satisfied with the level of increase in the money supply.

Mr. Robert Sheldon

As my right hon. Friend said in the debate on 11th October—[Vol. 917, c. 43]—the figures for the three months to mid-September showed that monetary expansion was proceeding at a faster rate than was consistent with our objectives. The measures taken during September and October were designed to bring the growth of the Money supply back on course.