§ Sir Thomas Arnold
To ask the Chancellor of the Exchequer, pursuant to his answer of 20 January,Official Report, column 12, what response he gave to the United States Treasury Under-Secretary's request for co-operation in the development of a global growth strategy among G7 countries.
§ Mr. Maples
The Chancellor attended the meeting of G7 finance Ministers in New York on 25 January. The Ministers and governors had a full discussion of prospects for their economies, under the chairmanship of United States Treasury Secretary Brady. They agreed there was a need to intensify their co-operative efforts to improve the conditions for non-inflationary growth in their economies, thereby strengthening the world economy. A copy of the statement issued after the meeting is in the Library of the House.