HC Deb 26 February 1981 vol 999 cc419-20W
22. Mr. James Lamond

asked the Chancellor of the Exchequer if he is satisfied that the increase in the money supply is in line with Treasury forward planning.

Sir Geoffrey Howe

Money supply growth as recorded by sterling M3 has been higher than our target range, partly of course because of the ending of the supplementary special deposits scheme last summer. However, recent figures are more encouraging and certainly much lower than in the autumn.

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