HC Deb 21 February 1978 vol 944 cc617-8W
Mr. Cant

asked the Chancellor of the Exchequer whether he proposes to re-impose the so-called corset restrictions on banks in order to curb the growth of money supply as an alternative to the sale of gilt-edged securities.

Mr. Denzil Davies

There have so far been no developments in the monetary situation which would make reactivation of the supplementary special deposit scheme appropriate. However, monetary developments are kept under continuous review, the scheme remains in being and may be reactivated without notice. If the scheme is reactivated, the base to which limits will relate may be before the date of announcement.