§ 42. Mr. Bruce-Gardyneasked the Chancellor of the Exchequer whether it remains his objective to secure a reduction of the rate of increase in the money supply, quarter by quarter, during the course of the current financial year.
§ Mr. Patrick JenkinAs my hon. Friend will know, my right hon. Friend is now planning for a higher rate of growth of output between the first halves of 1971 and 1972 than he envisaged in the Budget, and this naturally has implications for the quarterly path of money supply.