HC Deb 27 July 1981 vol 9 c279W
Mr. Nicholas Winterton

asked the Chancellor of the Exchequer if he will estimate the degree of success he has had so far in achieving his target for the control of the money supply.

Mr. Lawson

Recent money supply statistics have been difficult to interpret because of the effects of the Civil Service strike. Over the first four months of the current target period, however, we estimate that at an annual rate of sterling M3 growth was within the 6 per cent. to 10 per cent. target range.