Public Sector Borrowing Requirement (Hansard, 20 March 1980)

HC Deb 20 March 1980 vol 981 cc321-2W 322W

§ 15. Mr. Norman Atkinson
asked the Chancellor of the Exchequer what significance he attaches to the public sector borrowing requirement relative to the rise in the price index.

§ Mr. Biffen
The link between public borrowing and price inflation is complex. A key consideration is the accompanying monetary growth. The Government believe that a slowdown in monetary growth is essential to reduce inflation, but this must be supported by a consistent PSBR target.