§ 32. Mr. Whitney
asked the Chancellor of the Exchequer when he expects to be able to add to his 502W statement on 24 November 1980, Official Report, c. 313, on the possibility of a move to a form of base money control.
§ Sir Geoffrey Howe
In my statement on 24 November I said that a number of improvements in methods of monetary control would be set in hand. These changes, though justified in their own right, would also be consistent with a gradual evolution towards a monetary base system and would help us to judge how far such a system would contribute to our monetary objectives. I expect to report further at the time of the Budget.