HC Deb 01 July 1977 vol 934 cc359-60W
Mr. Watkinson

asked the Prime Minister (1) to what growth targets the leaders at the Downing Street Summit have committed themselves;

(2) what information he has on which countries are adhering to their commitments on growth targets set at the Downing Street Summit and which are not meeting those targets.

The Prime Minister

As was stated in the Downing Street Summit Declaration, those Governments which have adopted reasonably expansionist growth targets for 1977 will keep their policies under review and will adopt further policies if needed to achieve their stated target rates. Other Governments will pursue stabilisation policies designed to provide a basis for sustained non-inflationary growth. These undertakings were welcomed by OECD Ministers at their meeting in Paris on 23rd and 24th June.

Mr. Watkinson

asked the Prime Minister (1) what liaison there has been with other countries on monitoring the Downing Street agreement;

(2)if he has set up a team to monitor the Downing Street agreement;

(3)what monitoring there has been of the Downing Street agreement.

The Prime Minister

I refer my hon. Friend to the replies which I gave to him on 12th May and to the hon. Member for Carshalton (Mr. Forman) on 16th June.