§ 26. Mr. Meacherasked the Chancellor of the Exchequer if he will give his latest estimate of the M3 money stock.
§ Sir Geoffrey HoweOn 15 October the money stock as measured by sterling M3—seasonally adjusted—was £65,080 million. M3 —seasonally adjusted—totalled £70,440 million on the same date.
§ 27. Mr. Hal Millerasked the Chancellor of the Exchequer whether he is satisfied that the measures he has taken to control the current level of growth in the money supply will be sufficient.
§ Sir Geoffrey HoweYes. Although monetary growth is likely to exceed the target, we expect it to be much lower during the remainder of this financial year than it has been to date.