HC Deb 07 February 1980 vol 978 c314W
Mr. David Price

asked the Chancellor of the Exchequer if he will consider the introduction of a formal monetary base system whereby the banks would be required to hold a minimum proportion of their deposits in the form of reserve assets.

Mr. Lawson

The forthcoming Treasury-Bank consultative document on monetary control will consider, inter alia, the merits of introducing some variant of monetary base control.