§ 32. Mr. Whitneyasked the Chancellor of the Exchequer when he expects to be able to add to his 502W statement on 24 November 1980, Official Report, c. 313, on the possibility of a move to a form of base money control.
§ Sir Geoffrey HoweIn my statement on 24 November I said that a number of improvements in methods of monetary control would be set in hand. These changes, though justified in their own right, would also be consistent with a gradual evolution towards a monetary base system and would help us to judge how far such a system would contribute to our monetary objectives. I expect to report further at the time of the Budget.