§ Mr. Gouldasked the Chancellor of the Exchequer whether a growth in net exports is the only area of potential growth in the economy, given the definition of and restrictions upon domestic credit expansion agreed with the IMF.
§ Mr. Denzil DaviesNo. Although the growth of net exports is a major element in the Government's economic strategy, it was made clear in my right hon. Friend's statement of 15th December and in the economic forecast published at that time, that other areas of growth are likely, including manufacturing investment.