HC Deb 09 July 1980 vol 988 c217W
Mr. Whitehead

asked the Chancellor of the Exchequer what fiscal and monetary measures he will take to control the public sector borrowing requirement whilst increasing energy investment as intended at the Venice summit.

Mr. Biffen

Fiscal and monetary policies are directed at producing declining monetary growth and interest rates. Many factors are tending to alter monetary growth and interest rates all the time. It is not possible to associate measures taken to offset their combined effect with any particular factor.

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