§ Dr. Reginald Bennettasked the Chancellor of the Exchequer what is the latest available figure for domestic credit outstanding; and what will be the percentage increase in this figure by the end of 1976–77 if domestic credit expansion amounts to £9,000 million in that year as implied by his letter of application to the International Monetary Fund.
§ Mr. DellI would refer the hon. Member to the answer I gave to the hon. Member for Horsham and Crawley (Mr. Hordern) on 30th October—[Vol. 898, c.594]. Domestic credit expansion is by nature a flow concept: there are complex problems in calculating a meaningful stock figure for domestic credit outstanding or in calculating a percentage increase in such a stock.