HC Deb 17 June 1982 vol 25 c343W
19. Mr. Allen McKay

asked the Chancellor of the Exchequer if he is satisfied with the level of demand in the United Kingdom economy.

Sir Geoffrey Howe

Demand and output are higher than in the first half of last year. The signs that recovery will continue are favourable. Interest rates have continued the welcome decline seen earlier in the year, and inflation is coming down, faster than forecast at the time of the Budget. This must provide the best possible basis for achieving, and sustaining, continued recovery.