§ 23. Mr. Archie Hamilton
asked the Chancellor of the Exchequer what variation he expects to see from the medium-term financial strategy in 1982–83.
§ 31. Mr. Austin Mitchell
asked the Chancellor of the Exchequer whether the medium-term financial strategy is still in operation.
§ Sir Geoffrey Howe
The aims of our medium-term strategy are still those set out in the 1980 Budget report—to reduce inflation by steady, but not excessive, downward pressure on monetary variables, and to create conditions for a sustainable growth in output and employment. The MTFS will be carried forward in my forthcoming Budget.