§ Mr. Denzil Daviesasked the Chancellor of the Exchequer what plans he has to control bank lending in view of the effect of such lending on the money supply.
§ Mr. LawsonThe Government intend to ensure that financial discipline is applied to both the public and private sectors. The growth of bank lending to the private sector will be closely monitored, but it is not intended that within the limits which the Government impose on monetary growth private borrowing should be crowded out by excessive Government borrowing.