§ Mr. Hordernasked the Chancellor of the Exchequer if he will now make an official forecast of the monetary aggregates of both M1 and M3 for the current financial year.
§ Mr. Denzil DaviesNo.
§ Mr. Brothertonasked the Chancellor of the Exchequer what is his policy toward that section of the 46th annual report of the Bank for International Settlement which says that countries should adopt explicit and publicly announced targets for the rate of growth of money supply.
§ Mr. Denzil DaviesI would refer the hon. Member to the answer that my right hon. Friend the then Paymaster-General gave to his Question on 26th March—[Vol. 908, c. 312].