§ 61. Mr. Martinasked the Chancellor of the Exchequer what has been the effect of changes in the money supply and the public sector borrowing requirement on the level of inflation in the last 12 months.
§ Mr. LawsonControl of monetary growth and the PSBR in recent years have contributed to the fall in inflation. Because a number of other factors influence inflation in the short run there is no precise relationship between inflation, monetary growth and the PSBR in the short term.