§ Mr. Biggs-Davisonasked the Chancellor of the Exchequer, with regard to the growth target set up by the National Economic Development Council, what measures are contemplated to prevent excess of imports resulting from economic expansion.
§ Mr. du CannThe Government's policy for sound expansion is based on making the economy fully competitive. This will limit the growth of imports and increase exports. The implications of the growth objective for the balance of payments are among the matters under discussion by the National Economic Development Council, who have already stressed the need to increase exports substantially.