§ Mr. Maclennanasked the Chancellor of the Exchequer what yardsticks he applies for measuring the progress of his policies to reduce inflation; and within what time scale he expects to achieve an acceptable level of inflation.
§ Sir Geoffrey Howe[pursuant to his reply, 23 June 1980, c.59]: The main yardstick, apart from the perceived rate of inflation itself, is the reduction in the rate of growth of the money supply, which will have its impact over a period of years.