HC Deb 29 January 1981 vol 997 cc501-2W
32. Mr. Whitney

asked the Chancellor of the Exchequer when he expects to be able to add to his 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.