§ Mr. Austin Mitchellasked the Chancellor of the Exchequer what increase in the money supply would be required during 1979 to reflect (a) growth in the gross national product and (b) the rate of inflation; and how this compares with the target increase.
§ Mr. LawsonThe Government's target for the growth of the money supply has been set at less than the prospective growth of money gross domestic product. This is essential if inflation is to be brought down.